CUET Economics - 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 (C) Increase the consumption of commodity X (D) The consumer reallocates expenditure to maximize satisfaction. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 29 May Shift 1

Micro

Medium

(A), (B), (C), (D)

(B), (D), (C), (A)

(B), (A), (D), (C)

(C), (B), (D), (A)

✅ Correct Option: 2

Related questions:

15 May Shift 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.

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

Choose the correct answer from the options given below:

28 May Shift 2

Choose the correct statements in the context of the law of diminishing marginal utility

(A) States that each successive unit of a commodity provides lower marginal utility.

(B) States that each successive unit of a commodity provides higher marginal utility.

(D) States that the marginal utility from consuming each additional unit of a commodity declines as its consumption increases, while keeping consumption of other commodities constant.

Choose the correct answer from the options given below:

16 May Shift 1

Two goods X and Y are such a combination that, when the price of good Y increases, the demand for good X increases,

How are goods X and Y related?

CUET Economics 2025 29 May Shift 1 PYQs

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