CUET Economics - Identify the correct statements with regard to the consumer's budget line/set. (A) A decrease in the price of goods makes the budget line steeper (B) A decrease in the price of goods makes the budget line flatter (C) An increase in the price of goods makes the budget line steeper (D) All bundles in the positive quadrant which are on or below the line are included in the budget set. | PYQs + Solutions

CUET Economics 2025 14 May Shift 1

Micro

Medium

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

✅ Correct Option: 4

Related questions:

26 May Shift 2

Anand consumes lesser units of good X when its price falls but more units of X when his income rises. Which of the following statements is true about good X.

3 June Shift 2

If the price of necessity good like clothes changes, what will be the effect on its demand?

21 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Budget line	(I) $-\frac{p_1}{p_2}$
(B) Budget constraint	(II) Bundles available to the consumer
(C) Budget set	(III) $p_1X_1 + p_2X_2 = M$
(D) Slope of budget line	(IV) $p_1X_1 + p_2X_2 \leq M$

Choose the correct answer from the options given below:

CUET Economics 2025 14 May Shift 1 PYQs

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