CUET Economics 2025 3 June Shift 2 - 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:

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Match List-I with List-II

List-I	List-II
(A) Satisfaction derived from consuming the given amount of some commodity x.	(I) Marginal rate of substitution.
(B) Change in total utility due to consumption of one additional unit of a commodity.	(II) Ordinal Utility
(C) Ranking of various consumption bundle.	(III) Marginal Utility
(D) Downward slope of indifference curve.	(IV) Total Utility

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The rate at which the consumer is able to substitute one good for the other in the market is called?

CUET Economics 2025 3 June Shift 2 PYQs