CUET Economics - The relation between the consumer's optimal choice of the quantity of a good and its price is called ? | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Easy

Supply function

Demand Function

Cost Function

Output function

✅ Correct Option: 2

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When Elasticity of Demand Curve is 1 at every point on the Demand Curve, this curve is known as:

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A rational consumer reaches to equilibrium when:

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A consumer derives 10 utilities of satisfaction from consuming 1st unit of good X and 6 utilities of satisfaction from the next unit. What is the marginal utility of the second unit?

CUET Economics 2025 13 May Shift 1 PYQs

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