CUET Economics - If price of a commodity rises from Rs. 10 to Rs. 15, its supply increases by 20%. calculate the price elasticity of supply for this commodity. | PYQs + Solutions

CUET Economics 2025 15 May Shift 1

Micro

Easy

0.4

0.5

1.25

2.5

✅ Correct Option: 1

Related questions:

13 May Shift 2

Arrange the following elasticity degrees along the demand curve in their ascending order.

(A) Elasticity (eD) = 1

(B) Elasticity (eD) > 1

(D) Elasticity (eD) = 0

Choose the correct answer from the options given below:

26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Increase in demand > Increase in Supply	(I) Increase in both equilibrium price and quantity.
(B) Increase in demand < Increase in Supply	(II) Decrease in both equilibrium price and quantity.
(C) Increase in demand = Increase in Supply	(III) Decrease in equilibrium price but increase in equilibrium quantity.
(D) Decrease in demand < Decrease in supply	(IV) Increase in equilibrium quantity but no change in equilibrium price.

Choose the correct answer from the options given below:

3 June Shift 2

When the percentage change in quantity demanded equals the percentage change in its price. The demand for the this good is said to be?

CUET Economics 2025 15 May Shift 1 PYQs