CUET Economics 2025 2 June Shift 1Micro > MediumIncome 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: 3Related questions:15 May Shift 1Match List-I with List-II List-IList-II(A) Budget Set(I) −(P1/P2)-(P_1/P_2)−(P1/P2)(B) Slope of the budget line(II) M/P1M/P_1M/P1(C) Horizontal intercept of the budget line(III) P1X1+P2X2≤MP_1 X_1 + P_2 X_2 \le MP1X1+P2X2≤M(D) Vertical intercept of the budget line(IV) M/P2M/P_2M/P2 Choose the correct answer from the options given below:22 May Shift 1Which 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:13 May Shift 2From which of the following, consumers can choose their consumption bundle?