CUET Economics 2025 28 May Shift 1 - How would the decrease in the price of Good-X impact the budget line, when the price of Good-Y and Income remain unchanged? 1. The intercept points of both Good-X and Good-Y will shift outward. 2. The intercept point of Good-X will shift outward and the intercept point of Good-Y will remain unchanged. 3. The intercept point of Good-X will shift inward and the intercept point of Good-Y will remain unchanged. 4. The intercept points of both Good-X and Good-Y will shift inward. | PYQs + Solutions

CUET Economics 2025 28 May Shift 1

Micro

Medium

The intercept points of both Good-X and Good-Y will shift outward.

The intercept point of Good-X will shift outward and the intercept point of Good-Y will remain unchanged.

The intercept point of Good-X will shift inward and the intercept point of Good-Y will remain unchanged.

The intercept points of both Good-X and Good-Y will shift inward.

✅ Correct Option: 2

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In a situation when MRSxy > Px / Py, the consumer would react by:

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Suppose a consumer purchase 15 bananas when its price is Rs. 5 per banana. When the price increases to Rs. 7 per banana, consumer reduces his demand to 12 bananas. Price elasticity of demand would be...........

2 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Consumer's equilibrium	(I) ΔY/ ΔX
(B) Slope of IC	(II) Budget line rotates to the right starting from the Y axis
(C) Px falls	(III) Consumer should move downwards to the right along the IC
(D) MRSxy > Px/Py	(IV) Optimum choice of the consumer

Choose the correct answer from the options given below:

CUET Economics 2025 28 May Shift 1 PYQs

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