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

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A shift in the budget line, when prices are constant, is due to.

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From which of the following, consumers can choose their consumption bundle?

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Arrange the following concept emerges in context of consumer equilibrium.

(A) Transfer his expenditure from Good Y to Good X.

(B) Sacrifice more of Good Y to gain Good X.

(D) Suppose, Marginal Rate of Substitution (MRSxy) > Market Rate of Exchnage.

Choose the correct answer from the options given below:

CUET Economics 2025 27 May Shift 2 PYQs