CUET Economics 2025 31 May Shift 1 - How will an increase in the consumer's income affect the budget line? 1. Parallel inward shift of budget line. 2. Parallel outwards shift in budget line. 3. The budget line rotates outwards. 4. Budget line rotates and shifts outwards. | PYQs + Solutions

CUET Economics 2025 31 May Shift 1

Micro

Easy

Parallel inward shift of budget line.

Parallel outwards shift in budget line.

The budget line rotates outwards.

Budget line rotates and shifts outwards.

✅ Correct Option: 2

Related questions:

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Increase in the income of buyers (in case of inferior goods) will cause _________

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When utility is measured in quantitative terms, it is ______ of consumer equilibrium.

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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:

CUET Economics 2025 31 May Shift 1 PYQs