When individuals income falls (everything remain the same) his demand for a normal good

Related MCQs

• When individuals income falls (everything remain the same) his demand for an inferior good
• When individuals income rises (everything remain the same) his demand for a normal good
• When an individual’s income falls, when everything else remains the same, his demand for inferior goods:
• When an individual’s income rises, when everything else remains the same, his demand for normal goods:
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• If income effect works in the same direction to that of substitution effect, the good is a:
• When the price of the substitute commodity of X falls, the demand for X:
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is
• For a giffen good, when price falls
• “Effective demand is different from aggregate demand”. This statement is: