CUET Economics - If the price of a good increases from ₹20 to ₹25 and the quantity demanded decreases from 100 units to 80 units, calculate the price elasticity of demand. | PYQs + Solutions

CUET Economics 2025 29 May Shift 1

Micro

Easy

1.0

1.8

0.8

1.25

✅ Correct Option: 3

Related questions:

14 May Shift 1

Identify the options which reflect the impact of simultaneous shifts of demand and supply on equilibrium

(A) When demand shift right and supply left, quantity may increase, decrease or remain unchanged but price decreases

(B) When demand and supply shift leftward, quantity decreases but price may increase, decrease or remain unchanged

(D) When demand shift left and supply right, quantity may increases, decreases or remain unchanged but price decreases

3 June Shift 1

At a price of ₹8 per unit, the quantity supplied of a commodity is 200 units. If its price elasticity of supply is 1.5, if the price rises to ₹10 per unit, calculate the quantity supplied at the new price?

30 May Shift 1

Downward movement along the demand curve is caused by _________.

CUET Economics 2025 29 May Shift 1 PYQs

Keyboard Shortcuts