CUET Economics 2025 28 May Shift 2 PYQs

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

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:

If due to fall in price, total expenditure on the commodity falls, it indicates?