CUET Economics - Arrange the statements to define the relationship between elasticity and expenditure of a commodity. (A) The percentage increase in quantity demanded is greater than the percentage decline in the price. (B) The impact on expenditure depends on how responsive the demand for the good is to the price change. (C) The nature of price elasticity of demand is elastic. (D) Expenditure on the goods will increase. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 28 May Shift 2

Micro

Medium

(A), (C), (B), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

✅ Correct Option: 3

Related questions:

30 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Demand and supply curve shift leftward	(I) Quantity may increase, decrease or remain unchanged and price decreases
(B) Demand and supply curve shift rightward	(II) Quantity may increase, decrease or remain unchanged and price increases
(C) Demand curve shifts leftward and supply curve rightward	(III) Quantity decreases and price may increase, decrease or remain unchanged
(D) Demand curve shifts rightward and supply curve leftward	(IV) Quantity increases and prices may increase, decrease or remain unchanged

Choose the correct answer from the options given below:

3 June Shift 2

If the government fixed maximum price of produuct below the market price then product will have?

27 May Shift 2

Arrange the following statement when the market demand curve shifts rightward with the supply curve remaining unchanged.

(A) The shift indicates that at any price the quantity demanded is more than before.

(B) Some individuals will be willing to pay higher price and the price would tend to rise.

(D) At the new equilibrium, quantity and price will be greater than before.

Choose the correct answer from the options given below:

CUET Economics 2025 28 May Shift 2 PYQs