CUET Economics - What will be elasticity of demand of a commodity when its price rises by 20% and quantity demanded falls from 125 units to 75 units? | PYQs + Solutions

CUET Economics 2025 30 May Shift 1

Micro

Medium

e=-1

e.=1.25

e.=2

e.=1.75

✅ Correct Option: 3

Related questions:

30 May Shift 2

The q (1 + e_p) < 0, and hence, ΔE (expenditure) has the opposite sign as Δp (price), if ...................

15 May Shift 1

If price of a commodity rises from Rs. 10 to Rs. 15, its supply increases by 20%.

calculate the price elasticity of supply for this commodity.

29 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Leftward shift in both the supply and demand curve	(I) Equilibrium price remains unchanged
(B) Rightward shift in both supply and demand curve	(II) Equilibrium quantity increases
(C) Equal percentage of increase in both demand and supply curves	(III) Equilibrium quantity decreases
(D) Shifts in supply curve towards right and demand curve shifts left	(IV) Equilibrium quantity remains unchanged

Choose the correct answer from the options given below:

CUET Economics 2025 30 May Shift 1 PYQs