A fall in income of the consumer, other things being equal, causes:

Related MCQs

• Other things being equal a decrease in demand can be caused by
• A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity:
• Other things remaining the same, the quantity of a product demanded increases with ----- in price.
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• When disposable income rises from Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equal to
• Who argued that national income is simply equal to “net product of agriculture”?
• Which one of the following is roughly equal to national income?
• When consumption and income are equal, saving is ------------
• If average variable costs fall as output grows:
• A fall in the price of the commodity holding everything else constant results in: