If the price of necessity good like clothes changes, what will be the effect on its demand? Option 1: Elastic Option 2: Less Elastic Option 3: Inelastic Option 4: More Elastic

The answer is 'Inelastic'. View full solution:

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:

21 May Shift 1

The market determined wage rate is $500 per month whereas the minimum wage fixed by the government is $$450 per month. As a result of this government intervention,

21 May Shift 1

A hurricane in some parts of the country destroyed a major part of the onion crop. Arrange the chain effects of the same on onion market in proper sequence.

(A) There will be upward pressure on the price of onions.

(B) The buyers will compete in order to get onions in the market.

(D) The market supply of onions decreases, leading to excess demand for the same.

Choose the correct answer from the options given below:

30 May Shift 1

When demand curve shift rightward and supply curve shift leftward what impact this will have on pricing?

CUET Economics 2025 3 June Shift 2 PYQs

Keyboard Shortcuts