CUET Economics - According to the Theory of Consumer Behaviour, P_1X_1 + P_2X_2 ≤ M is called the Consumer's _____________ | PYQs + Solutions

CUET Economics

Micro

Easy

Budget

Budget Set

Budget Constraint

Budget Behaviour

✅ Correct Option: 3

Related questions:

30 May Shift 2

What are the features of an Indifference Curve?

(A) Indifference curve slopes upwards from left to right.

(B) Higher indifference curve gives greater level of utility.

(D) Two indifference curves never intersect each other

Choose the correct answer from the options given below:

26 May Shift 2

A consumer spends all his income of Rs 6000 on two goods - Food and clothing and is buying 12 units each of both the goods. At the present level of consumption, the marginal rate of substitution of clothing for food is 3. The price of food per unit is Rs. 400 whereas that of clothing is Rs. 100. What should a consumer do to attain the equilibrium?

30 May Shift 1

The rate at which consumer is willing to substitute one good for another is represented by ________.

CUET Economics PYQs

Keyboard Shortcuts