UPSC Prelims 2021 · GS Paper 1 · Q94

Economy

Medium · Determinants of market demand

Which of the following would most likely cause an increase in the market demand for a good?

1. A rise in the price of its substitute good

2. A rise in the price of its complementary good

3. A rise in consumer income, where the good in question is an inferior good

4. A fall in the good's own price

Select the correct answer using the code given below.