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

Related questions:

13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Satisfaction derived from consuming the given amount of some commodity x.	(I) Marginal rate of substitution.
(B) Change in total utility due to consumption of one additional unit of a commodity.	(II) Ordinal Utility
(C) Ranking of various consumption bundle.	(III) Marginal Utility
(D) Downward slope of indifference curve.	(IV) Total Utility

Choose the correct answer from the options given below:

22 May Shift 2

Which of the following indicates the slope of Budget Line?

26 May Shift 2

Anand consumes lesser units of good X when its price falls but more units of X when his income rises. Which of the following statements is true about good X.

CUET Economics PYQs

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