CUET Economics - When the percentage change in quantity demanded equals the percentage change in its price. The demand for the this good is said to be? <ol> <li>Perfectly Elastic</li> <li>Perfectlty Inelastic</li> <li>Unitary Elastic</li> <li>Less Elastic</li> </ol> | PYQs + Solutions

CUET Economics 2025 3 June Shift 2

Micro

Easy

Perfectly Elastic

Perfectlty Inelastic

Unitary Elastic

Less Elastic

✅ Correct Option: 3

Related questions:

30 May Shift 1

What will be elasticity of demand of a commodity when its price rises by 20% and quantity demanded falls from 125 units to 75 units?

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:

13 May Shift 1

Suppose an individual buy 30 bananas when its price is Rs. 10 per banana. When the price increases to Rs. 14 per banana, she reduces her demand to 24 bananas. In this case,what will be the price elasticity of demand?

CUET Economics 2025 3 June Shift 2 PYQs

Keyboard Shortcuts