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…
CUET UG 2025 — Economics Micro
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
Held on 21 May 2025 · Verified 13 Jul 2026.
Options
- A
Increase the consumption of X and decrease the consumption of Y.
- B
Increase the consumption of Y and decrease the consumption of X.
- C
Increase the consumption of X without changing the consumption of Y.
- D
Keep his consumption level constant as he is already operating at equilibrium.
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