CUET Economics - The income of a consumer is spent by him on two goods X and Y. The marginal utility of the goods at the present level of consumption are equal to each other. However, the price of good X is double that of good Y. The consumer, in order to attain equilibrium, will | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Micro

Medium

Increase the consumption of X and decrease the consumption of Y.

Increase the consumption of Y and decrease the consumption of X.

Increase the consumption of X without changing the consumption of Y.

Keep his consumption level constant as he is already operating at equilibrium.

✅ Correct Option: 2

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There are two goods that are priced at Rs 5 each and are available only in integral units. If a consumer has Rs 20, then the bundle that this consumer can afford to buy is:

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Match List-I with List-II

List-I	List-II
(A) Budget Set	(I) $-(P_1/P_2)$
(B) Slope of the budget line	(II) $M/P_1$
(C) Horizontal intercept of the budget line	(III) $P_1 X_1 + P_2 X_2 \le M$
(D) Vertical intercept of the budget line	(IV) $M/P_2$

Choose the correct answer from the options given below:

CUET Economics 2025 21 May Shift 1 PYQs

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