The law of demand holds in which of the following condition? Option 1: Income effects > Substitution Effects Option 2: Substitution Effect > Income Effect Option 3: Substitution Effect =Income Effect Option 4: Substitution Effect = Income Effect= 0

The answer is 'Substitution Effect > Income Effect'. View full solution:

CUET Economics - The law of demand holds in which of the following condition? | PYQs + Solutions

CUET Economics 2026 12th May Shift 1

Micro

Medium

Income effects > Substitution Effects

Substitution Effect > Income Effect

Substitution Effect =Income Effect

Substitution Effect = Income Effect= 0

✅ Correct Option: 2

Related questions:

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Identify the factors of price elasticity of demand.

(A) Nature of Goods.

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List-I	List-II
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