CUET Economics - Suppose an individual buy 30 bananas when its price is Rs. 10 per banana. When the price increases to Rs. 14 per banana, she reduces her demand to 24 bananas. In this case,what will be the price elasticity of demand? | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Medium

0.3

0.2

0.5

0.4

✅ Correct Option: 3

Related questions:

27 May Shift 2

Arrange the following statement of government intervention in the form of price control.

(A) The government sets floors or minimum prices for these goods and services.

(B) A fall in price below a particular level is not desirable.

(D) The government imposed a lower limit on the price.

Choose the correct answer from the options given below:

30 May Shift 2

Arrange the following statement in the context of elasticity along a linear demand curve (left to right).

(A) e_d = 1

(B) e_d > 1

(D) e_d < 1

Choose the correct answer from the options given below:

26 May Shift 2

In order to be effective, the price ceiling should be determined _______.

CUET Economics 2025 13 May Shift 1 PYQs