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

Match List-I with List-II

List-I	List-II
(A) Substitution effect stronger than the income effect	(I) Inferior goods
(B) Income effect stronger than the substitution effect	(II) Complementary goods
(C) Demands and income move opposite direction	(III) Normal goods
(D) Goods consumed together	(IV) Giffen goods

Choose the correct answer from the options given below:

27 May Shift 2

The total sum that the consumer has to spend on wheat in 2025?

3 June Shift 1

Increase in the income of buyers (in case of inferior goods) will cause _________

CUET Economics PYQs