CUET Economics 2025 15 May Shift 1Micro > MediumChange in quantities of goods purchased by the consumer.Change in the prices of both the goods purchased by the consumer.Change in the income of the consumer.change in the price of any one of the two goods purchased by the consumer, price of the other good remaining same.✅ Correct Option: 1Related questions:27 May Shift 2Match List-I with List-II List-IList-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) p'₁ 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−1+MUnMU₁ + MU₂ + ... + MU_{n-1} + MU_nMU1+MU2+...+MUn−1+MUn Choose the correct answer from the options given below:13 May Shift 2Identify the factors of price elasticity of demand. (A) Nature of Goods. (B) Availability of Substitution. (C) Complementary Goods (D) Cost of Goods. Choose the correct answer from the options given below:31 May Shift 1How will an increase in the consumer's income affect the budget line? Parallel inward shift of budget line. Parallel outwards shift in budget line. The budget line rotates outwards. Budget line rotates and shifts outwards.