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CUET Economics 2025 PYQs2 June Shift 1. Free, no login required.

Micro

past year questions, CUET Economics 2025 2 June Shift 1

Market Equilibrium

past year questions, Micro, CUET Economics 2025 2 June Shift 1

Medium

An upward sloping straight line supply curve shooting from the X axis indicates the:

Solution

✅ Correct Option: 1

Option 1 -> The supply curve intersects the X-axis, making it inelastic.

Option 2 -> Unit elasticity occurs when the supply curve passes through the origin.

Option 3 -> Elastic supply occurs when the curve intersects the Y-axis.

Option 4 -> Zero elasticity means a vertical supply curve.

Hence, Option 1: Elasticity of supply is less than one -> When a straight-line supply curve shoots from/intersects the X-axis (quantity axis), it means the curve starts at a positive quantity on the horizontal axis. For any linear supply curve, the position of intercept determines elasticity: (a) Intercepts X-axis → Es < 1 (inelastic), (b) Passes through origin → Es = 1 (unit elastic), (c) Intercepts Y-axis → Es > 1 (elastic). Since this curve shoots from the X-axis, the percentage change in quantity supplied is less than the percentage change in price, making it inelastic. -> correct

Related questions:

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If the price of necessity good like clothes changes, what will be the effect on its demand?

2025: 31 May Shift 1

When the price elasticity of supply is equal to zero. Then..........

  1. Supply curve is sloping downward.
  2. Supply curve is horizontal.
  3. Supply curve is upwards sloping.
  4. Supply curve is vertical.

2026: 21 May Shift 1

Which one of the following formula is correct for the Marginal Revenue Product of the labor (MRPL_L)?

2025: 30 May Shift 2

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:

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:

A. Subsequently, Government sets minimum prices for these goods and services.

B. For certain goods and services, fall price below a particular level is not desirable.

C. Consequently, Government needs to buy the surplus at the predetermined price.

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

Choose the correct answer from the options given below:

2025: 21 May Shift 1

The market determined price of a good is Rs. 40.The government fixes the minimum price of the good as Rs. 50. Calculate the excess demand/excess supply it will cause if the demand and supply functions are Qd = 200 – p and Qs = 120 + p respectively.

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CUET Economics Past Year Questions (Topic-Wise)