CUET Economics 2025 22 May Shift 2 PYQs

Which goods are represented by a straight line Indifference Curve?

What is the Marginal Rate of Substitution(MRS)?

(A) The rate at which a consumer is willing to substitute one good for another.

(B) Equal to the slope of the indifference curve.

(C) Changes as we move along the indifference curve.

(D) Is constant for perfect substitutes.

Choose the correct answer from the options given below:

Which of the following are true about indifference curves?

(A) All the points lying on an indifference curve provide the consumer with different levels of satisfaction.

(B) Indifference curves are convex to the origin due to law of Diminishing Marginal Rate of Substitution.

(C) Higher indifference curve gives greater level of utility.

(D) In the case of perfect substitutes, indifference curves are straight lines.

Choose the correct answer from the options given below: