CUET Economics 2025 30 May Shift 1 - 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:

26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Increase in demand > Increase in Supply	(I) Increase in both equilibrium price and quantity.
(B) Increase in demand < Increase in Supply	(II) Decrease in both equilibrium price and quantity.
(C) Increase in demand = Increase in Supply	(III) Decrease in equilibrium price but increase in equilibrium quantity.
(D) Decrease in demand < Decrease in supply	(IV) Increase in equilibrium quantity but no change in equilibrium price.

Choose the correct answer from the options given below:

30 May Shift 1

Match List-I with List-II

Change in Demand or Supply	Effect on equilibrium price / equilibrium quantity
(A) Increase in demand > Increase in supply	(I) equilibrium price will rise but no change in equilibrium quantity.
(B) Increase in supply when demand is perfectly inelastic	(II) No change in equilibrium price.
(C) Same proportion of increase in demand and supply	(III) equilibrium price will fall but no change in equilibrium quantity.
(D) Increase In demand when supply is perfectly inelastic	(IV) equilibrium price and quantity will rise.

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?

CUET Economics 2025 30 May Shift 1 PYQs