CUET Economics 2026 15th May Shift 1 PYQs

If tea and coffee can be used in place of one another, then which of the following statements hold true ?

(A) Increase in price of tea leads to decrease in demand for coffee.

(B) Increase in price of tea leads to increase in demand for coffee.

(C) Tea and coffee are substitute goods.

(D) Decrease in price of tea leads to increase in price of coffee.

(E) Tea and Coffee are complimentary goods.

Choose the correct answer from the options given below :

The rate at which the consumer is able to substitute one good for the other in the market is called?

The indifference curve for goods $x_1$ and $x_2$ is sloped downwards when?