CUET Economics - Good X and Y are considered to be substitutes by a consumer. He is currently consuming good X. If the price of Good Y decreases, then arrange the following in correct sequence. (A) Demand for Good X decreases. (B) Consumer finds Good Y to be relatively cheaper than Good X. (C) Demand curve for Good X shifts to the left. (D) Consumer shifts from Good X to Good Y. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Micro

Medium

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(B), (D), (A), (C)

✅ Correct Option: 4

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How the revelation of the fact that junk-foods might be injurious to health can affect the Demand Curve of junk-foods.

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Match List-I with List-II

List-I	List-II
(A). The level of utility can be expressed in numbers.	(I). Total Utility
(B). The change in total utility due to consumption of one additional unit of a commodity.	(II). Ordinal Utility
(C). The total satisfaction derived from consuming the given amount of some commodity.	(III). Cardinal Utility
(D). The level of utility can be expressed in ranks.	(IV). Marginal Utility

Choose the correct answer from the options given below:

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The Law of Diminishing Marginal Utility states that when more and more units of a commodity are consumed, Marginal Utility __________

CUET Economics 2025 21 May Shift 1 PYQs