CUET Economics - The equation of the demand curve : pq = e, where e is a constant. Select the INCORRECT statement: 1. The demand curve is a rectangular hyperbola. 2. The value of p times q is constant. 3. The elasticity of demand at all points located on this demand curve is greater than 1. 4. At every point of consumption, the expenditure remains the same. | PYQs + Solutions

CUET Economics 2025 31 May Shift 1

Micro

Medium

The demand curve is a rectangular hyperbola.

The value of p times q is constant.

The elasticity of demand at all points located on this demand curve is greater than 1.

At every point of consumption, the expenditure remains the same.

✅ Correct Option: 3

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Match List-I with List-II

List-I	List-II
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List-I	List-II
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14 May Shift 1

Suppose a consumer purchase 15 bananas when its price is Rs. 5 per banana. When the price increases to Rs. 7 per banana, consumer reduces his demand to 12 bananas. Price elasticity of demand would be...........

CUET Economics 2025 31 May Shift 1 PYQs

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