Micro

Consumer Behaviour

Medium

Match List-I with List-II

List-I List-II
(A) Slope of Budget line (I) $P_1X_1 + P_2X_2 \leq M$
(B) Horizontal intercept of budget line (II) $M/P_2$
(C) Vertical intercept of budget line (III) $-\frac{P_1}{P_2}$
(D) Budget constraints (IV) $M/P_1$

Choose the correct answer from the options given below:

List-I	List-II
(A) Slope of Budget line	(I) $P_1X_1 + P_2X_2 \leq M$
(B) Horizontal intercept of budget line	(II) $M/P_2$
(C) Vertical intercept of budget line	(III) $-\frac{P_1}{P_2}$
(D) Budget constraints	(IV) $M/P_1$

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

✅ Correct Option: 2

Option 2: (A) - (III), (B) - (IV), (C) - (II), (D) - (I) -> For a budget line P₁X₁ + P₂X₂ = M: (A) The slope represents the rate at which one good can be substituted for another, which is -P₁/P₂ (negative of price ratio). (B) Horizontal intercept occurs when X₂ = 0, giving X₁ = M/P₁ (maximum units of good 1 affordable). (C) Vertical intercept occurs when X₁ = 0, giving X₂ = M/P₂ (maximum units of good 2 affordable). (D) Budget constraint is the inequality P₁X₁ + P₂X₂ ≤ M, showing the consumer cannot exceed their budget M. -> correct

2025: 28 May Shift 1

Why indifference curves are convex to origin?

Due to the constant market rate of exchange.
Due to the increasing marginal rate of substitution.
Due to the constant marginal rate of substitution.
Due to a diminishing marginal rate of substitution.

2025: 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:

2023: 29 May Shift 2

"Increase in price of good 'x' leads to increase in demand of good 'Y'. " How the goods are related to.

2025: 22 May Shift 1

Which of the following statements are true for the Indifference Curve?

(A). A higher indifference curve gives a greater level of utility.

(B). The indifference curve slopes downwards from right to left.

(C). The indifference curve slopes downwards from left to right.

(D). Two indifference curves never intersect each other.

Choose the correct answer from the options given below:

2026: 23 May Shift 1

The total expenditure on a commodity rises from Rs.100 to Rs.150 as a result of an increase in the price of the commodity from Rs. 10 to Rs.15. Find out the elasticity of demand of this commodity by percentage method.

2025: 13 May Shift 1

Budget Set is __________

Solution

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CUET Economics Past Year Questions (Topic-Wise)