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CUET Economics 2025 PYQs3 June Shift 2. Free, no login required.

Micro

past year questions, CUET Economics 2025 3 June Shift 2

Consumer Behaviour

past year questions, Micro, CUET Economics 2025 3 June Shift 2

Medium

Arrange the following statements showing the change in budget set due to change in income.

(A) The equation of the budget line is P1X1+P2X2=M′P_1 X_1 + P_2 X_2 = M'.

(B) Consumer's income increases from MM to M′M', but the price of goods remains constant.

(C) The set of available bundles depends upon prices and the income of the consumer.

(D) Consumers can buy more of the goods at the prevailing market prices.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 4

First state that budget set depends on income and prices. Then income increases while prices remain constant. As a result, consumers can buy more goods. The new budget line is then:

P1X1+P2X2=M′P_1X_1 + P_2X_2 = M'

Related questions:

2022: 16 July Shift 2

A consumer is consuming two goods X and Y.

If Muy=20, Mux=60 price of good Y=Rs 4, then what will be the price of good X if consumer it at equilibrium.

2023: 29 May Shift 2

Elasticity of Demand is given by the formula.

2025: 30 May Shift 2

Match List-I with List-II

List-IList-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:

2026: 15 May Shift 1

What is the cause behind the convexity of indifference curve to the origin?

2025: 31 May Shift 1

Match List-I with List-II

List-IList-II
(A) Cardinal utility(I) Ranking consumption bundles.
(B) Perfect substitute goods(II) Level of utility can be expressed in numbers.
(C) Ordinal Utility(III) The marginal Rate of Substitution is 1.
(D) Complimentary goods(IV) An increase in the price of one good does not lead to an increase in demand for another good.

Choose the correct answer from the options given below:

  1. (A) - (I), (B) - (IV), (C) - (III), (D) - (II)
  2. (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
  3. (A) - (I), (B) - (IV), (C) - (II), (D) - (III)
  4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

2025: 27 May Shift 2

An increase in the price of socks is likely to decrease the demand for shoes and a decrease in the price of socks is likely to increase the demand for shoes. Socks and shoes are:

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