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CUET Economics 2025 PYQs30 May Shift 2. Free, no login required.

Micro

past year questions, CUET Economics 2025 30 May Shift 2

Market Equilibrium

past year questions, Micro, CUET Economics 2025 30 May Shift 2

Medium

Arrange the following statement in the context of elasticity along a linear demand curve (left to right).

(A) e_d = 1

(B) e_d > 1

(C) e_d = 0

(D) e_d < 1

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Option 3: (B), (A), (D), (C) -> Along a linear demand curve, elasticity varies continuously from left to right. At the upper left portion (high price, low quantity), demand is elastic with e_d > 1 (B). At the midpoint of the curve, elasticity equals unity with e_d = 1 (A). Moving further right to the lower portion (low price, high quantity), demand becomes inelastic with e_d < 1 (D). Finally, at the extreme right where the curve meets the quantity axis, elasticity is zero with e_d = 0 (C). This represents the fundamental property that elasticity decreases as we move down a linear demand curve. -> correct

Related questions:

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Match List-I with List-II

List-IList-II
(A) Demand and Supply shift leftward..(I) Price decreases.
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2025: 2 June Shift 1

The price elasticity of supply of a commodity is 2.5. At a price of Rs.5 per unit, its quantity supplied is 300 units. What will be its quantity supplied at a price of Rs.4 per unit?

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Match List-I with List-II

Change in Demand or SupplyEffect on equilibrium price / equilibrium quantity
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2026: 21 May Shift 2

Arrange the following statements with reference to the impact of government price regulations on goods within the framework of perfect competition:

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D. Thus, this leads to an excess supply the market.

Choose the correct answer from the options given below:

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