How much units of Good Y 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 '10 units'. View full solution:

CUET Economics - How much units of Good Y 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: 2

Related questions:

22 May Shift 1

Match List-I with List-II

List-I	List-II
(A). The level of utility can be expressed in numbers.	(I). Total Utility
(B). The change in total utility due to consumption of one additional unit of a commodity.	(II). Ordinal Utility
(C). The total satisfaction derived from consuming the given amount of some commodity.	(III). Cardinal Utility
(D). The level of utility can be expressed in ranks.	(IV). Marginal Utility

Choose the correct answer from the options given below:

27 May Shift 2

Which of the following statements are correct:

(A) Consumer's preferences are monotonic: If and only if between any two bundles, the consumer prefers the bundle which has more of at least one of the goods and no less of the other good as compared to the other bundle.

(B) The tendency for the MRS to fall with increase in quantity of goods is known as the Law of Diminishing Marginal Rate of Substitution.

(D) The budget set is the collection of all bundles that the consumer can buy with their income at the prevailing market prices.

Choose the correct answer from the options given below:

15 May Shift 1

Which of the following will NOT cause a change in the budget set of a consumer?

CUET Economics 2025 3 June Shift 1 PYQs

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