CUET EconomicsMicro > Easy(A) - (I), (B) - (II), (C) - (III), (D) - (IV)(A) - (I), (B) - (III), (C) - (II), (D) - (IV)(A) - (I), (B) - (II), (C) - (IV), (D) - (III)(A) - (III), (B) - (IV), (C) - (I), (D) - (II)✅ Correct Option: 2Related questions:22 May Shift 1The price of a commodity increases by 10%, its demand drops by 12%. What is the nature of price elasticity of demand?2 June Shift 1The Law of Diminishing Marginal Utility states that when more and more units of a commodity are consumed, Marginal Utility __________29 May Shift 2The economic concept at which the consumer is willing to substitute one good for the other?