The total sum consumer spends on cloth in 2022? Option 1: Rs 900 Option 2: Rs 500 Option 3: Rs 400 Option 4: Rs 600

The answer is 'Rs 500'. View full solution:

CUET Economics - The total sum consumer spends on cloth in 2022? | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Micro

Easy

Rs 900

Rs 500

Rs 400

Rs 600

✅ Correct Option: 2

Related questions:

29 May Shift 1

Arrange the following stages of Consumer's Equilibrium in the correct sequence under the utility analysis

(A) Marginal Utility becomes equal to the price of a commodity

(B) Marginal utility, derived from a commodity X is greater than Px

(D) The consumer reallocates expenditure to maximize satisfaction.

Choose the correct answer from the options given below:

26 May Shift 2

A consumer spends all his income of Rs 6000 on two goods - Food and clothing and is buying 12 units each of both the goods. At the present level of consumption, the marginal rate of substitution of clothing for food is 3. The price of food per unit is Rs. 400 whereas that of clothing is Rs. 100. What should a consumer do to attain the equilibrium?

22 May Shift 2

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

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