CUET Economics - A consumer is consuming two goods X and Y. If Muy=20, Mux=60 price of good Y=Rs 4, then what will be the price of good X if consumer it at equilibrium. | PYQs + Solutions

CUET Economics

Micro

Medium

Rs 15

Rs 12

Rs 3

Rs 5

✅ Correct Option: 2

Related questions:

26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Decrease in consumer's income	(I) Budget line becomes steeper
(B) Increase in price of Good X	(II) Parallel and leftward shift in the budget line
(C) Equal reduction in price of both goods X and Y	(III) Budget line becomes flatter
(D) Increase in price of Good Y	(IV) No change in the slope of the budget line

Choose the correct answer from the options given below:

22 May Shift 2

Which of the following indicates the slope of Budget Line?

29 May Shift 2

The rate at which the consumer is able to substitute one good for the other in the market is called?

CUET Economics PYQs