CUET Economics 2025 15 May Shift 1 PYQs

Arrange the values of the elasticity of demand of the following at different points on a downward straight line demand curve in ascending order.

(A) The point where the demand curve meets the horizontal axis.

(B) The point where the demand curve meets the vertical axis.

(C) At any point to the left of the midpoint of the demand curve.

(D) At any point to the right of the midpoint of the demand curve.

Choose the correct answer from the options given below:

If the income effect is stronger than the substitution effect, the demand for the good would be positively related to its price. Such a good is called?

Which of the following statements correctly describes the nature of indifference curve ?

(A) Indifference curve slopes downwards from left to right

(B) A lower indifference curve represents lower cost to consumer

(C) A higher indifference curve gives higher level of satisfaction

(D) Two indifference curves never intersect each other

(E) Indifference curves are always parallel to each other

Choose the correct answer from the options given below :