CUET Economics - An individual buys 15 kg of sugar when its price is Rs. 5 per kg. When the price increases to Rs. 7 per kg, the demand goes down to 12 kg of sugar. What is the price elasticity of demand for sugar? | PYQs + Solutions

CUET Economics 2025 3 June Shift 2

Micro

Medium

$0.3$

$0.5$

$0.4$

$-0.3$

✅ Correct Option: 2

Related questions:

3 June Shift 1

How much of Good X can the consumer consume if she spends her entire income on that good?

22 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Parallel inward shift in budget line	(I) M/p₁ > M/p₁'
(B) Parallel outward shift in budget line	(II) M/p₁ < M/p₁'
(C) Budget line steeper	(III) M' < M
(D) Budget line flatter	(IV) M' > M

Choose the correct answer from the options given below:

30 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Substitution effect stronger than the income effect	(I) Inferior goods
(B) Income effect stronger than the substitution effect	(II) Complementary goods
(C) Demands and income move opposite direction	(III) Normal goods
(D) Goods consumed together	(IV) Giffen goods

Choose the correct answer from the options given below:

CUET Economics 2025 3 June Shift 2 PYQs