CUET Economics 2025 16 May Shift 1 PYQs

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

The price and quantity demanded are ..........

Arrange the following statements showing the change in budget set due to change in income.

1. (A) The equation of the budget line is $P_1 X_1 + P_2 X_2 = M'$.
2. (B) Consumer's income increases from M to M', but the price of goods remains constant.
3. (C) The set of available bundles depends upon prices and the income of the consumer.
4. (D) Consumers can buy more of the goods at the prevailing market prices.

Choose the correct answer from the options given below: