CUET Economics - Arrange the following statements showing the change in budget set due to change in income. <ol> <li>(A) The equation of the budget line is P_1 X_1 + P_2 X_2 = M'.</li> <li>(B) Consumer's income increases from M to M', but the price of goods remains constant.</li> <li>(C) The set of available bundles depends upon prices and the income of the consumer.</li> <li>(D) Consumers can buy more of the goods at the prevailing market prices.</li> </ol> Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 3 June Shift 2

Micro

Medium

✅ Correct Option: 4

Related questions:

29 May Shift 1

Arrange the following stages of Consumer's Equilibrium in the correct sequence under the utility analysis

(A) Marginal Utility becomes equal to the price of a commodity

(B) Marginal utility, derived from a commodity X is greater than Px

(D) The consumer reallocates expenditure to maximize satisfaction.

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27 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Consumer's income changes, but prices remain unchanged. The equation of the budget line.	(I) p₁ x₁ + p₂ x₂ = M
(B) Marginal Rate of Substitution (MRS)	(II) p₁ x₁ + p₂ x₂ = M
(C) The price of a commodity changes, but income remains unchanged. The equation of the budget line.	(III) Δ Y/ΔX
(D) Total Utility	(IV) MU₁ + MU₂ + ... + MUₙ + MUₓ

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26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Marginal rate of substitution	(I) Slope of Budget line
(B) MUₓ/MUᵧ=Pₓ/Pᵧ	(II) more of at least one good and no less of the other good
(C) -(Pₓ/Pᵧ)	(III) Law of equi marginal utility
(D)Monotonic Preferences.	(IV) Slope of Indifference curve

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CUET Economics 2025 3 June Shift 2 PYQs