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Questions › UGC-NET › UGC-NET 2025 › Q72
2 marksMicroeconomics › Demand theory and elasticity › Income elasticity, normal and inferior goods and Engel curvesHardabout 2 min

UGC-NET 2025 Question 72: Demand theory and elasticity

Match List-I with

List II

A. Income elasticity greater than one

B. Positive cross-price elasticity

C. Downward-sloping price consumption curve (PCC)

D. Negative income effect.

List II

I. Substitute goods

II. Inferior goods

III. Luxurious goods

IV. Relatively elastic demand.

Choose the correct answer from the options given below:

Tap an option to check your answer.

Answer and worked solution

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Demand theory and elasticity has come up 161 times in 7 exams since 2004.

What this question tests

This question is on Income elasticity, normal and inferior goods and Engel curves, part of Demand theory and elasticity in Microeconomics.

How demand responds to income, how goods are classified by that response, and Engel's law.

TestStop has 33 past-paper questions on this subtopic; the nearest in year are below.

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