CUET Economics 2025 14 May Shift 1 PYQs

What would be the value of the Marginal Rate of Substitution (MRS) when Good-X increases by 5 with the decrease of Good-Y by 15?

1. • 2.5
2. • 0.66
3. • 3
4. 0.66

Two goods X and Y are such a combination that, when the price of good Y increases, the demand for good X increases,

How are goods X and Y related?

1. complementary goods
2. substitute goods
3. inferior goods
4. supplementary goods

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.