Micro

Consumer Behaviour

Medium

Arrange the following of elasticities of demand in increasing order as per geometric method.

A. Mid-Point of the demand curve

B. Intercept on Y-axis

C. Between Mid-Point and intercept on X-axis

D. Between Mid-Point and intercept on Y-axis

E. Intercept on X-axis

Choose the correct answer from the options given below:

A, B, C, D, E

D, B, A, E, C

B, D, A, C, E

E, C, A, D, B

✅ Correct Option: 4

On a straight-line demand curve using the geometric method: elasticity equals 0 at the X-axis intercept (E), is less than 1 between the mid-point and the X-axis intercept (C), equals 1 at the mid-point (A), is greater than 1 between the mid-point and the Y-axis intercept (D), and is infinite at the Y-axis intercept (B). Increasing order: E, C, A, D, B.

2025: 14 May Shift 1

With regard to price elasticity, in general, demand for a luxury good is likely to be ........

Inelastic
Unitary elastic
Perfectly Inelastic
Elastic

2025: 2 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Consumer's equilibrium	(I) ΔY/ ΔX
(B) Slope of IC	(II) Budget line rotates to the right starting from the Y axis
(C) Px falls	(III) Consumer should move downwards to the right along the IC
(D) MRSxy > Px/Py	(IV) Optimum choice of the consumer

Choose the correct answer from the options given below:

2025: 27 May Shift 2

The total sum consumer will spends on cloth in 2025?

2022: 15 July Shift 2

Budget set of a consumer is defined as:

2023: 29 May Shift 2

Suppose an Individual buys 15 units of good when its price is Rs 5 per unit. What will happen to his demand when price of the good increases to Rs 7 per unit and elasticity of demand for the good is 0.5

2025: 16 May Shift 1

"If and only if between any two bundles, the consumer prefers the bundle which has more of at least one of the goods and no less of the other good as compared to the other bundle". Such preferences are known as

Solution

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CUET Economics Past Year Questions (Topic-Wise)