The price and quantity demanded are __________ Option 1: Directly related Option 2: Indirectly related Option 3: Proportionately related Option 4: Not related

The answer is 'Indirectly related'. View full solution:

CUET Economics - The price and quantity demanded are __________ | PYQs + Solutions

CUET Economics 2025 3 June Shift 2

Micro

Medium

Directly related

Indirectly related

Proportionately related

Not related

✅ Correct Option: 2

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Arrange the statements to define the relationship between elasticity and expenditure of a commodity.

(A) The percentage increase in quantity demanded is greater than the percentage decline in the price.

(B) The impact on expenditure depends on how responsive the demand for the good is to the price change.

(D) Expenditure on the goods will increase.

Choose the correct answer from the options given below: