CUET Economics - 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? | PYQs + Solutions

CUET Economics 2025 2 June Shift 1

Micro

Medium

300 Units.

450 Units.

600 Units.

150 Units.

✅ Correct Option: 4

Related questions:

2 June Shift 1

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

31 May Shift 1

Suppose in the long run, the government imposed a tax on the supply of a commodity. How does it affect the equilibrium quantity of commodity?

The quantity of commodity will decrease.
The quantity of commodity will increase.
The quantity of commodity will remain same.
The supply curve will shift rightwards which will decrease quantity of commodity.

21 May Shift 1

To be effective, the floor price should be determined

CUET Economics 2025 2 June Shift 1 PYQs