CUET Economics 2025 16 May Shift 1 PYQs

Which of the following statements are true for the Indifference Curve?

(A). A higher indifference curve gives a greater level of utility.

(B). The indifference curve slopes downwards from right to left.

(C). The indifference curve slopes downwards from left to right.

(D). Two indifference curves never intersect each other.

Choose the correct answer from the options given below:

Individual demand for a good does not depend upon which of the following?

1. Affordability of the consumer.
2. Price of substitute good.
3. Tastes and preferences of the consumer.
4. Number of consumers

How much units of Good Y can the consumer consume if she spends her entire income on that good?