CUET Economics - The economic concept at which the consumer is willing to substitute one good for the other? | PYQs + Solutions

CUET Economics 2025 29 May Shift 2

Micro

Medium

Price Ratio.

Marginal rate of substitution.

Marginal rate of technical substitution.

Diminishing marginal rate.

✅ Correct Option: 2

Related questions:

22 May Shift 1

The price of a commodity increases by 10%, its demand drops by 12%. What is the nature of price elasticity of demand?

22 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Parallel inward shift in budget line	(I) M/p₁ > M/p₁'
(B) Parallel outward shift in budget line	(II) M/p₁ < M/p₁'
(C) Budget line steeper	(III) M' < M
(D) Budget line flatter	(IV) M' > M

Choose the correct answer from the options given below:

29 May Shift 2

The optimum bundle of the consumer is located at the point where..................?

CUET Economics 2025 29 May Shift 2 PYQs