An increase in income lead to the increase in quantity demanded of the good:

Related MCQs

• The proportionate change in quantity demanded by a good due to proportionate change in the price of the other good:
• The relationship between quantity demanded of a good and level of consumer’s income:
• The relationship between the price of the commodity and quantity of the commodity demanded :
• The relation of Price and quantity demanded:
• The proportionate change in quantity demanded and the proportionate change in price is:
• The ratio of the proportionate change in the quantity purchased of a good to the proportionate change in income:
• The difference between the present level of income and the past level of income:
• The relationship between the price of the commodity and quantity of the commodity supplied:
• The relationship between income and consumption: