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Does a fall in income have the same eff...

Does a fall in income have the same effect on demand for the given commodity?

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No, fall in income does not have the same effect on demand for the given commodity.
(i) If the given commodity is a normal good, the fall in income will reduce the demand for the normal goods.
(ii) If the given commodity is an inferior good, the fall in income will raise the demand for the inferior goods.
(iii) If the given commodity is a necessity, the fall in income will not change the demand for the necessity of goods.
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FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. If due to fall in the price of good X, demand for good Y rises, the t...

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

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

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

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

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  6. Differentiate between Normal Goods and inferior Goods.

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  7. Differentiate between substitute goods and complementary goods.

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

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

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

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

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

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

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

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

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

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

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  18. Why does law of demand slope downward from left to right ?

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  19. Why do household buy more at a lower price than at a higher price ?

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  20. Explain the causes behind law of demand.

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