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Question 27 of 50

CUET Economics 2025 2 June Shift 1

Micro

>

Medium

Income effect is negative.

Substitution effect is negative.

Negative income effect is greater than substitution effect.

Negative income effect is less than substitution effect.

✅ Correct Option: 3

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CUET Economics Past Year Questions (Topic-Wise):

Indian Economic Development

Development Experience (1947-90)
Development Experience of India
Economic Reforms (1991)
Employment
Human Capital Formation
Introduction
Poverty
Rural Development
Sustainable Economic Development

Macro

Balance of Payments
Government Budget
Income & Employment
Introduction
Money & Banking
National Income

Micro

Consumer Behaviour
Forms of Market
Introduction
Market Equilibrium
Production & Costs

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