CUET Economics - Savita consumes 2 goods X and Y. If marginal utility of X is 30 utils and that of Y is 45 utils. Prices of both goods X and Y are Rs. 3 and Rs. 5 respectively. Savita will consume ________. | PYQs + Solutions

CUET Economics

Micro

Medium

More of good X

More of good Y

More of both good X and good Y

More of either good X or good Y

✅ Correct Option: 1

Related questions:

CUET Economics 2024 Slot 2

Find the value of price elasticity of demand of a good whose demand decreases by 20% for an increase in its price of 10%.

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:

CUET Economics 2022 Slot 2

The cause for the demand curve's movement is:

CUET Economics PYQs