CUET Economics 2025 26 May Shift 2Micro > MediumHe should reduce the consumption of food and increase the consumption of clothing.He should increase the consumption of food and reduce the consumption of clothing.He should reduce the consumption of both the goods.He shouldn't change his consumption level as he is already at equilibrium.✅ Correct Option: 1Related questions:27 May Shift 2The total sum that the consumer has to spend on wheat in 2025?21 May Shift 1Good 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:21 May Shift 1Arun spends 200 rupees on good X irrespective of its price whereas Varun buys 10 units of Good X irrespective of its price. The respective values of the price elasticity of demand for Good X for both the consumers is