CUET Economics - Increase in demand refers to : | PYQs + Solutions

CUET Economics

Micro

Medium

Larger quantity demanded due to fall in own price of commodity

Larger quantity demanded due to fall in price of substitute goods

Larger quantity demanded due to rise in price of substitute goods

Larger quantity demanded due to rise in own price of commodity

✅ Correct Option: 3

Related questions:

30 May Shift 2

Arrange the following statement in the context of elasticity along a linear demand curve (left to right).

(A) e_d = 1

(B) e_d > 1

(D) e_d < 1

Choose the correct answer from the options given below:

26 May Shift 2

In order to be effective, the price ceiling should be determined _______.

27 May Shift 2

Let us consider a linear demand curve $q = a - bp$ . On the same demand curve, arrange the elasticity in ascending order.

(A) $|e_D| = 1$ .

(B) $|e_D| < 1$ .

(D) $|e_D| = 0$ .

Choose the correct answer from the options given below:

CUET Economics PYQs