For a given demand function Y = 50 - 2P, the quantity demanded at P = Rs. 20 is : Option 1: 5 units Option 2: 10 units Option 3: 0 units Option 4: 50 units

The answer is '10 units'. View full solution:

CUET Economics - For a given demand function Y = 50 - 2P, the quantity demanded at P = Rs. 20 is : | PYQs + Solutions

CUET Economics

Micro

Easy

5 units

10 units

0 units

50 units

✅ Correct Option: 2

Related questions:

15 May Shift 1

If price of a commodity rises from Rs. 10 to Rs. 15, its supply increases by 20%.

calculate the price elasticity of supply for this commodity.

3 June Shift 1

At a price of ₹8 per unit, the quantity supplied of a commodity is 200 units. If its price elasticity of supply is 1.5, if the price rises to ₹10 per unit, calculate the quantity supplied at the new price?

27 May Shift 2

Arrange the following statement when the market demand curve shifts rightward with the supply curve remaining unchanged.

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(D) At the new equilibrium, quantity and price will be greater than before.

Choose the correct answer from the options given below:

CUET Economics PYQs

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