In case of normal goods, rise in consumer's income will lead to: Option 1: Decrease in equilibrium quantity. Option 2: Constant equilibrium price. Option 3: Decrease in equilibrium price. Option 4: Increase in equilibrium price.

The answer is 'Increase in equilibrium price.'. View full solution:

CUET Economics - In case of normal goods, rise in consumer's income will lead to: | PYQs + Solutions

CUET Economics 2026 19th May Shift 2

Micro

Easy

Decrease in equilibrium quantity.

Constant equilibrium price.

Decrease in equilibrium price.

Increase in equilibrium price.

✅ Correct Option: 4