CUET Economics - If the income effect is stronger than the substitution effect, the demand for the good would be positively related to its price. Such a good is called? | PYQs + Solutions

CUET Economics 2026 12th May Shift 1

Micro

Easy

Giffen Good.

Luxury Good.

Industrial Good.

Inferior Good.

✅ Correct Option: 1

Related questions:

27 May Shift 2

The total sum that the consumer has to spend on wheat in 2022?

30 May Shift 1

Match List - I with List - II.

List - I	List - II
(A) Indifference curve	(I) Shows various combination of two goods that give the same utility to the consumer
(B) Production possibility curve	(II) Shows various combination of two goods that can be produced by an economy
(C) Budget line	(III) Shows various combination of two goods that can be purchased by the consumer
(D) Demand curve	(IV) Shows inverse relationship between price of the given commodity & its quantity demanded

Choose the correct answer from the options given below :

28 May Shift 2

All the points on Indifference curve represent :

CUET Economics 2026 12th May Shift 1 PYQs