CUET Economics - If due to fall in price, total expenditure on the commodity falls, it indicates? | PYQs + Solutions

CUET Economics 2025 2 June Shift 1

Micro

Medium

price elasticity of demand is zero.

price elasticity of demand is less than unity.

price elasticity of demand is infinity.

price elasticity of demand is greater than unity.

✅ Correct Option: 2

Related questions:

16 May Shift 1

When the price of a good falls from Rs. 40 to Rs 30, the total revenue earned by the firm falls from Rs. 4000 to Rs. 2700, find price elasticity of supply for the good.

2 June Shift 1

When will increase in supply bring down the price, leaving the quantity demanded unchanged?

26 May Shift 2

Imposition of price ceilings usually results into?

CUET Economics 2025 2 June Shift 1 PYQs

Keyboard Shortcuts