Home
Class 12
ECONOMICS
When income of the consumer falls the im...

When income of the consumer falls the impact on price-demand curve of an inferior good is :

A

Shift to the right

B

Shift to the left

C

There is downward movement along the curve.

D

There is downward movement along the curve.

Text Solution

Verified by Experts

The correct Answer is:
a
Promotional Banner

Topper's Solved these Questions

  • COST

    FULL MARKS|Exercise NCERT TEXTBOOK QUESTIONS SOLVED|137 Videos
  • ELASTICITY OF DEMAND

    FULL MARKS|Exercise NCERT TEXTBOOK QUESTIONS SOLVED|114 Videos

Similar Questions

Explore conceptually related problems

The income elasticity of demand for inferior goods is :

A fall in the income of the consumer leads to a rise in the demand for a good. What is good X called?

Giving reasons, state the following statements are true or false: (i) An increase in the price of Coke would result in decrease in the demand for Pepsi. (ii) An increase in the price of sugar would result in an increase in the demand for tea. An increase in the income of a consumer would result in an increase in demand for all types of goods that are demanded by a consumer.

What is the impact of the following statements on the demand curve for good X ? Give reasons. (a) Consumer's income rises and good X is a normal good. (b)Consumer's income falls and good X is an inferior good. (c ) Price of complementary good Y rises.

FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. In case of Giffen goods, the demand curve will be :

    Text Solution

    |

  2. Law of Demand is a :

    Text Solution

    |

  3. When income of the consumer falls the impact on price-demand curve of ...

    Text Solution

    |

  4. If due to fall in the price of good X, demand for good Y rises, the t...

    Text Solution

    |

  5. Does a rise in price of other goods have the same effect on demand for...

    Text Solution

    |

  6. Does a fall in income have the same effect on demand for the given c...

    Text Solution

    |

  7. What is the relation between good x and good y in each case, if with a...

    Text Solution

    |

  8. Giving reasons, state the following statements are true or false: ...

    Text Solution

    |

  9. Differentiate between Normal Goods and inferior Goods.

    Text Solution

    |

  10. Differentiate between substitute goods and complementary goods.

    Text Solution

    |

  11. Explain law of demand with the help of a demand schedule.

    Text Solution

    |

  12. Law of demand is one sided. It explains only the effect of change in p...

    Text Solution

    |

  13. State any three causes of a rightward shift of a demand curve of a com...

    Text Solution

    |

  14. State any three factors which lead to increase in demand.

    Text Solution

    |

  15. Under what conditions a consumer would like to demand less at a given...

    Text Solution

    |

  16. State any three causes of a leftward shift of a demand curve of a comm...

    Text Solution

    |

  17. State any three factors which lead to decrease in demand.

    Text Solution

    |

  18. Differentiate between increase in demand and expansion in demand (inc...

    Text Solution

    |

  19. Differentiate between decrease in demand and contraction in demand (de...

    Text Solution

    |

  20. Explain the inverse relationship between the price of a commodity and...

    Text Solution

    |