How much of Good X can the consumer consume if she spends her entire income on that good? Option 1: 5 units Option 2: 10 units Option 3: 15 units Option 4: 20 units

The answer is '20 units'. View full solution:

CUET Economics - How much of Good X can the consumer consume if she spends her entire income on that good? | PYQs + Solutions

CUET Economics 2025 3 June Shift 1

Micro

Easy

5 units

10 units

15 units

20 units

✅ Correct Option: 4

Related questions:

22 May Shift 2

Which of the following indicates the slope of Budget Line?

14 May Shift 1

Arrange the following statements related to the change in demand for normal good.

(A) The consumer's income, increases.

(B) Given the prices of other goods and the preferences of the consumer,

(D) The demand for the normal good at given price changes.

30 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Substitution effect stronger than the income effect	(I) Inferior goods
(B) Income effect stronger than the substitution effect	(II) Complementary goods
(C) Demands and income move opposite direction	(III) Normal goods
(D) Goods consumed together	(IV) Giffen goods

Choose the correct answer from the options given below: