CUET Economics - If the price of necessity good like clothes changes, what will be the effect on its demand? | PYQs + Solutions

CUET Economics 2025 3 June Shift 2

Micro

Easy

Elastic

Less Elastic

Inelastic

More Elastic

✅ Correct Option: 3

Related questions:

16 May Shift 1

Two goods X and Y are such a combination that, when the price of good Y increases, the demand for good X increases,

How are goods X and Y related?

28 May Shift 1

Which of the following would appropriately define a budget set?

26 May Shift 2

A consumer spends all his income of Rs 6000 on two goods - Food and clothing and is buying 12 units each of both the goods. At the present level of consumption, the marginal rate of substitution of clothing for food is 3. The price of food per unit is Rs. 400 whereas that of clothing is Rs. 100. What should a consumer do to attain the equilibrium?

CUET Economics 2025 3 June Shift 2 PYQs

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