CUET Economics - What is the formula for the price elasticity of demand for a good? | PYQs + Solutions

CUET Economics 2025 3 June Shift 2

Micro

Easy

$(\Delta Q/Q) * (P/\Delta P)$

$(\Delta Q/Q) * (\Delta P/P)$

$(Q_1-Q_2/Q_1) * (P_1-P_2/P_1)$

$(Q_2-Q_1/Q_2) * (P_2-P_1/P_2)$

✅ Correct Option: 1

Related questions:

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

(D) e_d < 1

Choose the correct answer from the options given below:

15 May Shift 1

Find the equilibrium price of salt in this market.

28 May Shift 2

If supply curve shifts leftward and demand curve shifts rightward then how it will affect the pricing?

CUET Economics 2025 3 June Shift 2 PYQs