CUET Economics - Find the value of price elasticity of demand of a good whose demand decreases by 20% for an increase in its price of 10%. | PYQs + Solutions

CUET Economics

Micro

Easy

0.2

0.5

✅ Correct Option: 2

Related questions:

CUET Economics 2023 Slot 1

If the budget line is tangent to an indifference curve at a point, absolute value of the MRS and the Budget line are __________ at that point.

22 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Parallel inward shift in budget line	(I) M/p₁ > M/p₁'
(B) Parallel outward shift in budget line	(II) M/p₁ < M/p₁'
(C) Budget line steeper	(III) M' < M
(D) Budget line flatter	(IV) M' > M

Choose the correct answer from the options given below:

22 May Shift 2

The optimum bundle of the consumer is located at the point where:

CUET Economics PYQs