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:22 May Shift 2Match List-I with List-II List-IList-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:3 June Shift 1On the basis of given data, the slope of the price line will be _________30 May Shift 1What will be the value of Marginal utility of the 4th unit Units consumedTotal Utility derived (utils)110283542