If the price of coffee increases then consumption of tea also increases it implies that tea and coffee are __________ . Option 1: Substitute good Option 2: Giffen good Option 3: Complementary good Option 4: Perishable good

The answer is 'Substitute good'. View full solution:

CUET Economics - If the price of coffee increases then consumption of tea also increases it implies that tea and coffee are __________ . | PYQs + Solutions

CUET Economics

Micro

Easy

Substitute good

Giffen good

Complementary good

Perishable good

✅ Correct Option: 1

Related questions:

31 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Cardinal utility	(I) Ranking consumption bundles.
(B) Perfect substitute goods	(II) Level of utility can be expressed in numbers.
(C) Ordinal Utility	(III) The marginal Rate of Substitution is 1.
(D) Complimentary goods	(IV) An increase in the price of one good does not lead to an increase in demand for another good.

Choose the correct answer from the options given below:

(A) - (I), (B) - (IV), (C) - (III), (D) - (II)
(A) - (II), (B) - (III), (C) - (I), (D) - (IV)
(A) - (I), (B) - (IV), (C) - (II), (D) - (III)
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

27 May Shift 2

The total sum consumer spends on cloth in 2022?

28 May Shift 2

There are two goods that are priced at Rs 5 each and are available only in integral units. If a consumer has Rs 20, then the bundle that this consumer can afford to buy is:

CUET Economics PYQs

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