An increase in the price of commodity X is likely to decrease the demand for commodity Y and a decrease in the price of commodity X is likely to increase the demand for commodity Y. How are X and Y related?

Arrange the following statements related to the change in demand for normal good.

(A) The consumer's income, increases.

(B) Given the prices of other goods and the preferences of the consumer,

(C) The demand curve shifts rightward.

(D) The demand for the normal good at given price changes.

Suppose the consumer have 15 rupees to spend on purchasing two goods namely $x_1$ and $x_2$ where the price of $x_1$ is 2.50 and price of $x_2$ is 1.50 then what is the maximum quantity of $x_1$ and $x_2$ at which the consumer's budget line will intersect the axis of the graph if $x_1$ and $x_2$ are represented in the vertical axis and horizontal axis of the graph respectively.

What are the features of an Indifference Curve?

(A) Indifference curve slopes upwards from left to right.

(B) Higher indifference curve gives greater level of utility.

(C) Indifference curve slopes downwards from left to right

(D) Two indifference curves never intersect each other

Choose the correct answer from the options given below:

If the income effect is stronger than the substitution effect, the demand for the good would be positively related to its price. Such goods are called:

How the revelation of the fact that junk-foods might be injurious to health can affect the Demand Curve of junk-foods.

The rate at which the consumer is willing to substitute one good for the other is indicated by: