If consumer’s income increases, the demand for normal product X (a) will remain unchanged
(b)will necessarily increase
© will necessarily decrease
(d) may increase or decrease

1 Answer

Answer :

(b)will necessarily increase

Related questions

Description : Demand curve remaining the same, if the supply curve shifts to the right then (a) Price and quantity move in the same direction (b) Price and quantity move in the opposite direction © Price and quantity remain unchanged (d) None of the above.

Last Answer : (b) Price and quantity move in the opposite direction

Description : An increase in consumption at any given level of income will lead to (a) Higher aggregate demand. (b) An increase in exports. © A fall in taxation revenue. (d) A decrease in import spending.

Last Answer : (a) Higher aggregate demand.

Description : If the spring mass system with m and spring stiffness k is taken to very high altitude, the natural frequency of longitudinal vibrations * 1 point (A) increases (B) decreases (C) remain unchanged (D) may increase or decrease depending upon the value of the mass

Last Answer : (C) remain unchanged

Description : If the spring mass system with m and spring stiffness k is taken to very high altitude , the natural frequency of longitudinal vibrations A) Increases B) Decreases C) Remain unchanged D) May be increase or decrease depending upon the value of the mass

Last Answer : C) Remain unchanged

Description : A price consumption curve, traces the utility maximizing combination of two goods when (a) the price of one good changes (b) the consumer’s preference change © the consumer’s income changes (d) the demand curve for one of the goods shifts rightward

Last Answer : (a) the price of one good changes

Description : An increase in product price will cause (a) quantity demanded to decrease (b) quantity supplied to decrease © quantity demanded to increase (d) the demand curve to shift to the left

Last Answer : (a) quantity demanded to decrease

Description : Demand pull inflation may be caused by (a) An increase in cost (b) A decrease in interest rate © A reduction in government spending (d) An outward shift of aggregate supply.

Last Answer : (b) A decrease in interest rate

Description : Other things remaining the same, when a consumer's income increases, his equilibrium point moves to A.A higher indifference curve B.To the left-hand side on the same indifference curve C.Remains unchanged on the same indifference curve D.A lower indifference curve

Last Answer : A.A higher indifference curve

Description : The idea that irrespective of how a government chooses to increase spending, either by debt financing or tax financing, the outcome will be the same and demand will remain unchanged, is popularly ... b) Ricardian theory of competitive advantage c) Ricardian theory of stability d) None of the above

Last Answer : a) Ricardian theory of equivalence David Ricardo was a British political economist and his most famous theory was that of comparative advantage (along with above theory of Ricardian ... nation should use its resources solely in industries where it has the most international competitiveness

Description : In a Rankine cycle, with the maximum steam temperature being fixed from metallurgical considerations, as the boiler pressure increases (a) The condenser load will increase [IES-1997] (b) The ... The quality of turbine exhaust will increase (d) The quality of turbine exhaust will remain unchanged

Last Answer : (b) The quality of turbine exhaust will decrease 

Description : An increase in investment is caused by (a) Lower interest rates (b) Expectations of lower national income © A decrease in the marginal propensity to consume (d) An increase in withdrawals

Last Answer : (a) Lower interest rates

Description : If an increase in investment leads to a bigger increase in national income (a) Accelerator (b) Aggregate demand © Monetarism (d) Multiplier

Last Answer : (d) Multiplier

Description : .An increases in investment is most likely to be caused by (a) Lower interest rates (b) Expectations of lower national incomes © A decrease in the marginal propensity to consume (d) An increase in withdrawals.

Last Answer : (a) Lower interest rates

Description : A patient on oral anticoagulant therapy is commenced on sulfamethoxazoletrimethoprim, double-strength twice daily. One may expect to see the international normalized ratio (a) Increase (b) Decrease (c) Remain unchanged

Last Answer : Ans: A

Description : The feed to fractionating column is changed from saturated vapour to saturated liquid. If the separation and reflux ratio remains unchanged, the number of ideal stages will (A) Increase (B) Decrease (C) Remain same (D) Depend on saturated boiling point; may increase or decrease

Last Answer : (A) Increase

Description : At constant temperature, the thermal conductivities of gases__________ with rise in pressure. (A) Decrease (B) Increase (C) Remain unchanged (D) May increase or decrease; depends on the pressure

Last Answer : (A) Decrease

Description : With increase in calorific value of fuels, their adiabatic flame temperatures (A) Increase (B) Decrease (C) Remain unchanged (D) May increase or decrease; depends on the quantity of products of combustion

Last Answer : (D) May increase or decrease; depends on the quantity of products of combustion

Description : When the demand for a good increases with an increase in income, such a good is called - (1) Superior good (2) Giffin good (3) Inferior good (4) Normal good

Last Answer : (1) Superior good Explanation: A superior good is a product that people demand more of as they their incomes grow. These are products that are generally more expensive and rarer like diamonds and classic ... characteristics: it must be scarce, and, along with that, it must have a high price.

Description : When the demand for a good increases with an increase in income, such a good is called (1) Superior good (2) Giffin good (3) Inferior good (4) Normal good

Last Answer : Superior good

Description : When price of a substitute of commodity ‘x’ falls, the demand for ‘x’ : (1) falls (2) remains unchanged (3) increases at increasing rate (4) rises

Last Answer : falls

Description : When there is a change in demand leading to a shift of the Demand Curve to the right, at the same price as before, the quantity demanded will - (1) decrease (2) increase (3) remain the same (4) contract

Last Answer : (2) increase Explanation: In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to ... is movement along a demand curve when a change in price causes the quantity demanded to change.

Description : When there is a change in demand leading to a shift of the Demand Curve to the right, at the same price as before, the quantity demanded will (1) decrease (2) increase (3) remain the same (4) contract

Last Answer : increase

Description : Temperature of the product during ultrafine grinding (A) Increases (B) Decreases (C) Remain constant (D) May increase or decrease; depends on the material being ground

Last Answer : (A) Increases

Description : Production rate __________ with increased fineness, with a given energy input to the size reduction machine. (A) Decreases (B) Increases (C) Remains unchanged (D) May increase or decrease; depends on the machine

Last Answer : (A) Decreases

Description : As the impurities are oxidised, the melting point of iron (A) Decreases (B) Remains unchanged (C) Increases (D) May increase or decrease; unpredictable

Last Answer : (C) Increases

Description : With increase in the concentration of the adsorbate, the integral heat of adsorption (A) Increases (B) Decreases (C) Remains unchanged (D) May increase or decrease; depends on the type of adsorbate

Last Answer : (B) Decreases

Description : The boiling points of pure components of a binary system __________ with increase in total pressure of the system. (A) Decreases (B) Increases (C) Remains unchanged (D) May increase or decrease, depends on the system

Last Answer : (B) Increases

Description : With the increase of temperature, the Col-burn jH factor (A) Increases (B) Decreases (C) Remains unchanged (D) May increase or decrease; depending on temperature

Last Answer : (A) Increases

Description : Thermal conductivities of most of the liquids __________ with rise in temperature. (A) Increases (B) Decreases (C) Remains unchanged (D) May increase or decrease; depends on the liquid

Last Answer : (B) Decreases

Description : With increase in porosity, the thermal conductivity of a solid substance (A) Increases (B) Decreases (C) Remains unchanged (D) May increase or decrease; depends on the solid

Last Answer : (B) Decreases

Description : With increase in temperature, the thermal conductivity of fresh lubricating oil (A) Increases (B) Decreases (C) Remains unchanged (D) May increase or decrease; depends on its composition

Last Answer : (B) Decreases

Description : Thermal conductivity of a gas at low density, __________ with increase in temperature. (A) Decreases (B) Increases (C) Remains unchanged (D) May increase or decrease; depends on the gas

Last Answer : (B) Increases

Description : With increase in temperature, the internal energy of a substance (A) Increases (B) Decreases (C) Remains unchanged (D) May increase or decrease; depends on the substance

Last Answer : (A) Increases

Description : With increase in temperature, the internal energy of a substance (A) Increases (B) Decreases (C) Remains unchanged (D) May increase or decrease; depends on the substance

Last Answer : (A) Increases

Description : If we increase the pressure on a substance (which is at its triple point), then the triple point (A) Increases (B) Decreases (C) Remains unchanged (D) May increase or decrease; depends on the substance

Last Answer : (C) Remains unchanged

Description : At a given temperature, the volume of a gas dissolved in a solvent __________ with increase in pressure. (A) Increases (B) Decreases (C) Remains unchanged (D) May increase or decrease; depends on the gas

Last Answer : C) Remains unchanged

Description : If price of Tea increases the demand of coffee will (a) Increase ; (b) Decrease ; (c) Remain same ; (d) Cannot say

Last Answer : (a) Increase

Description : Given the money wages, if the price level in an economy increases, then the real wages will - (1) increase (2) decrease (3) remain constant (4) become flexible

Last Answer : (2) decrease Explanation: If workers receive a higher nominal wage and the price level does not change, then the real purchasing power of their wages is higher and they are inclined to increase the quantity of labor supplied.

Description : Given the money wages, if the price level in an economy increases, then the real wages will (1) increase (2) decrease (3) remain constant (4) become flexible

Last Answer : decrease

Description : If the temperature inside a room is increased, the relative humidity will ______? (1) increase (2) decrease (3) remain unchanged (4) none of these

Last Answer : (2) decrease Explanation: This is because temperatures in the home can be much different than the temperature outside. This is because of that important relationship between temperature and how much maximum moisture can be in the air.

Description : Which of the following will happen to the alternator frequency if the load is removed from a turbogenerator, whose governor has a 3% speed droop? A. It will remain unchanged. B. It will decrease by approximately 3%. C. It will become variable. D. It will increase.

Last Answer : Answer: D

Description : At constant pressure, with increase of temperature, the dew point will (A) Increase (B) Decrease (C) Remain unchanged (D) Increase/decrease; depends on the temperature

Last Answer : (A) Increase

Description :  As the reflux ratio, in a continuous counter-current extraction is increased, the number of stages (A) Increase (B) Decrease (C) Remain unchanged

Last Answer : (B) Decrease

Description : . If a single tube pass heat exchanger is converted to two pass, then for the same flow rate, the pressure drop per unit length in tube side will (A) Increase by 1.8 times (B) Decrease by 2 2 (C) Increase by 2 16 (D) Remain unchanged

Last Answer : (C) Increase by 2 16

Description : If generally interest rates in nation increase, a corporate bond with a fixed interest rate will usually A. increase in value B. remain unchanged C. decrease in value. D. be returned to corporation.

Last Answer : C. decrease in value.

Description : In a co-current double pipe heat exchanger used for condensing saturated steam over the inner tube, if the entrance and exit conditions of the coolant are interchanged, then the rate of condensation ... Decrease (C) Remain unchanged (D) Either increase or decrease; depends on the coolant flow rate

Last Answer : (C) Remain unchanged

Description : Friction factor for a hydraulically smooth pipe at NRe = 2100 is f1 . If the pipe is further smoothened (i.e., roughness is reduced), the friction factor at the same value of NRe , will (A) Increase (B) Decrease (C) Remain unchanged (D) Increase or decrease depending on the pipe material

Last Answer : (A) Increase

Description : Two fluids are flowing through two similar pipes of the same diameter. The Reynold's number is same. For the same flow rate if the viscosity of a fluid is reduced to half the value of the ... (A) Increase (B) Decrease (C) Remain unchanged (D) Data insufficient to predict relative pressure drop

Last Answer : (B) Decrease

Description : An isothermal irreversible reaction is being carried out in an ideal tubular flow reactor. The conversion in this case will __________ with decrease in space time. (A) Increase (B) Increase exponentially (C) Decrease (D) Remain unchanged

Last Answer : (C) Decrease

Description : The melting points of aldehydes and ketones tend to : (a) decrease with increasing molecular weight. (b) increase with increasing molecular weight. (c) remain unchanged with increasing molecular weight. (d) be unpredictable due to resonance

Last Answer : increase with increasing molecular weight.