CUET Economics - Which of the following will NOT cause a change in the budget set of a consumer? | PYQs + Solutions

CUET Economics 2025 15 May Shift 1

Micro

Medium

Change 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: 1

Related questions:

27 May Shift 2

Which of the following statements are correct:

(A) Consumer's preferences are monotonic: If and only if between any two bundles, the consumer prefers the bundle which has more of at least one of the goods and no less of the other good as compared to the other bundle.

(B) The tendency for the MRS to fall with increase in quantity of goods is known as the Law of Diminishing Marginal Rate of Substitution.

(D) The budget set is the collection of all bundles that the consumer can buy with their income at the prevailing market prices.

Choose the correct answer from the options given below:

22 May Shift 2

Arrange the following concept emerges in context of consumer equilibrium.

(A) Transfer his expenditure from Good Y to Good X.

(B) Sacrifice more of Good Y to gain Good X.

(D) Suppose, Marginal Rate of Substitution (MRSxy) > Market Rate of Exchnage.

Choose the correct answer from the options given below:

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

Choose the correct answer from the options given below:

CUET Economics 2025 15 May Shift 1 PYQs

Keyboard Shortcuts