When Elasticity of Demand Curve is 1 at every point on the Demand Curve, this curve is known as: Option 1: Perfectly inelastic demand curve Option 2: Perfectly elastic demand curve Option 3: Rectangular Hyperbola Option 4: Greater than unitary demand curve

The answer is 'Rectangular Hyperbola'. View full solution:

CUET Economics - When Elasticity of Demand Curve is 1 at every point on the Demand Curve, this curve is known as: | PYQs + Solutions

CUET Economics

Micro

Easy

Perfectly inelastic demand curve

Perfectly elastic demand curve

Rectangular Hyperbola

Greater than unitary demand curve

✅ Correct Option: 3

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Match List-I with List-II

List-I	List-II
(A) Budget line	(I) $-\frac{p_1}{p_2}$
(B) Budget constraint	(II) Bundles available to the consumer
(C) Budget set	(III) $p_1X_1 + p_2X_2 = M$
(D) Slope of budget line	(IV) $p_1X_1 + p_2X_2 \leq M$

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CUET Economics PYQs

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