CUET Economics - An increase in the price of socks is likely to decrease the demand for shoes and a decrease in the price of socks is likely to increase the demand for shoes. Socks and shoes are: | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Micro

Easy

Giffen goods.

Substitutes goods.

Complementary goods.

Inferior goods.

✅ Correct Option: 3

Related questions:

30 May Shift 1

When utility is measured in quantitative terms, it is ______ of consumer equilibrium.

22 May Shift 1

Match List-I with List-II

List-I	List-II
(A). The level of utility can be expressed in numbers.	(I). Total Utility
(B). The change in total utility due to consumption of one additional unit of a commodity.	(II). Ordinal Utility
(C). The total satisfaction derived from consuming the given amount of some commodity.	(III). Cardinal Utility
(D). The level of utility can be expressed in ranks.	(IV). Marginal Utility

Choose the correct answer from the options given below:

11 June Shift 3

Which of the following statements correctly describes the nature of indifference curve ?

(A) Indifference curve slopes downwards from left to right

(B) A lower indifference curve represents lower cost to consumer

(D) Two indifference curves never intersect each other

(E) Indifference curves are always parallel to each other

Choose the correct answer from the options given below :

CUET Economics 2025 27 May Shift 2 PYQs