CUET Economics - Which of the following would appropriately define a budget set? | PYQs + Solutions

CUET Economics 2025 28 May Shift 1

Micro

Easy

$P_1X_1+P_2X_2 \ge M$ .

$P_1X_1+P_2X_2 < M$ .

$P_1X_1+P_2X_2 > M$ .

$P_1X_1+P_2X_2 \le M$ .

✅ Correct Option: 4

Related questions:

28 May Shift 2

How the revelation of the fact that junk-foods might be injurious to health can affect the Demand Curve of junk-foods.

21 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Increase in consumers' income	(I) Budget line becomes flatter
(B) Decrease in price of good on X axis	(II) No change in the slope of budget line
(C) Equal increase in price of both good X and good Y	(III) Parallel and rightward shift in their budget line
(D) Decrease in Price of the good on Y axis	(IV) Budget line becomes steeper

Choose the correct answer from the options given below:

27 May Shift 2

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:

CUET Economics 2025 28 May Shift 1 PYQs

Keyboard Shortcuts