CUET Economics 2025 27 May Shift 2 PYQs

Which of the following indicates the slope of Budget Line?

1. $(-)P_1/P_2$
2. $P_1/P_2$
3. $(-)P_2/P_1$
4. $P_2/P_1$

Which of the following are true about indifference curves?

(A) All the points lying on an indifference curve provide the consumer with different levels of satisfaction.

(B) Indifference curves are convex to the origin due to law of Diminishing Marginal Rate of Substitution.

(C) Higher indifference curve gives greater level of utility.

(D) In the case of perfect substitutes, indifference curves are straight lines.

Choose the correct answer from the options given below:

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