CUET Economics - With regard to price elasticity, in general, demand for a luxury good is likely to be ........ 1. Inelastic 2. Unitary elastic 3. Perfectly Inelastic 4. Elastic | PYQs + Solutions

CUET Economics 2025 14 May Shift 1

Micro

Easy

Inelastic

Unitary elastic

Perfectly Inelastic

Elastic

✅ Correct Option: 4

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CUET Economics 2025 14 May Shift 1 PYQs

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