CUET Economics - At a price of ₹8 per unit, the quantity supplied of a commodity is 200 units. If its price elasticity of supply is 1.5, if the price rises to ₹10 per unit, calculate the quantity supplied at the new price? | PYQs + Solutions

CUET Economics 2025 3 June Shift 1

Micro

Medium

200 units

275 units

125 units

100 units

✅ Correct Option: 2

Related questions:

29 May Shift 2

Arrange the following statements in chronological sequence about how government intervention in the form of price control has an impact on the market.

(A) There will be an excess demand for sugar in the market at that price.

(B) Government-imposed upper limit on the price of sugar.

(D) It could end up creating a shortage of sugar in the market.

Choose the correct answer from the options given below:

15 May Shift 1

Find the equilibrium price of salt in this market.

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.

CUET Economics 2025 3 June Shift 1 PYQs

Keyboard Shortcuts