CUET Economics - If ratio between the change in price & change in quantity demanded is 0.25. The consumer demands 100 units at an initial price of Rs 10 per unit. Calculate the price elasticity of demand. | PYQs + Solutions

CUET Economics

Micro

Medium

(-) 0.025

(-) 0.040

(-) 0.40

(-) 0.25

✅ Correct Option: 3

Related questions:

CUET Economics 2022 Slot 3

The price and quantity at a point on the demand curve of a good are given as 10 and 50 respectively. If the price is changed to 6 and as a result quantity changes to to 65, how do you explain the change.

13 May Shift 2

Which among the following are the features of the indifference curve?

(A) Indifference curve slopes downwards from left to right.

(B) Higher indifference curve gives greater level of utility.

(D) Two indifference curves never intersect each other.

Choose the correct answer from the options given below:

CUET Economics 2022 Slot 2

The cause for the demand curve's movement is:

CUET Economics PYQs

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