CUET Economics - Budget Set is __________ | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Easy

Given the prices of the goods and the income of a consumer.

Any bundle as long as it costs less than or equal to the income

A set of price available to producer.

Set of bundles available to the consumer

✅ Correct Option: 4

Related questions:

28 May Shift 1

Why indifference curves are convex to origin?

3 June Shift 1

On the basis of given data, the slope of the price line will be _________

31 May Shift 1

The equation of the demand curve : pq = e, where e is a constant.

Select the INCORRECT statement:

The demand curve is a rectangular hyperbola.
The value of p times q is constant.
The elasticity of demand at all points located on this demand curve is greater than 1.
At every point of consumption, the expenditure remains the same.

CUET Economics 2025 13 May Shift 1 PYQs