CUET Economics - Which of the following are correct statements? | PYQs + Solutions

CUET Economics

Micro

Easy

(A), (B) and (C) only

(A), (C) and (E) only

(A), (D) and (E) only

(B), (D) and (E) only

✅ Correct Option: 2

Related questions:

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

22 May Shift 1

Match List-I with List-II

List-I	List-II
(A). The level of utility can be expressed in numbers.	(I). Total Utility
(B). The change in total utility due to consumption of one additional unit of a commodity.	(II). Ordinal Utility
(C). The total satisfaction derived from consuming the given amount of some commodity.	(III). Cardinal Utility
(D). The level of utility can be expressed in ranks.	(IV). Marginal Utility

Choose the correct answer from the options given below:

3 June Shift 2

An individual buys $15$ kg of sugar when its price is Rs. $5$ per kg. When the price increases to Rs. $7$ per kg, the demand goes down to $12$ kg of sugar. What is the price elasticity of demand for sugar?

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