Change in the demand due to increase in the income of consumer is _______.

increase of demand

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decrease of demand

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contraction of demand

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extension of demand

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Solution

The correct option is B increase of demand
Change in the demand due to increase in the income of consumer is increase of demand. Increase of demand refers to increase in quantity demanded of a commodity at its existing price. It is caused by he fctors other than own price of the commodity.

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Similar questions

Demand for which of the following goods does not change with a change in income of the consumer?

List-I	List-II
(a) Contraction of Demand	(i) Non-Price change effect
(b) Decrease in Demand	(ii) Demand curve remains the same
(c) Increase in Demand	(iii) Price change effect
(d) Expansion of Demand	(iv) Shifts the Demand curve

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