CUET Economics 2025 15 May Shift 1 PYQs

When the price of a cricket ball is Rs10, let us assume that 200 cricket balls are produced in aggregate by the firms in the market. When the price of a cricket ball rises to Rs.30, let us assume that 1,000 cricket balls are produced in aggregate by the firms in the market. Calculate the elasticity of supply.

Suppose an individual buy 30 bananas when its price is Rs. 10 per banana. When the price increases to Rs. 14 per banana, she reduces her demand to 24 bananas. In this case,what will be the price elasticity of demand?

In which of the following, the demand for a good will be highly price elastic?

1. When the price of the good and total expenditure on it change in the same direction.
2. When the price of the good and total expenditure on it change in the opposite direction.
3. When the price of the good and does not affect the total expenditure.
4. When the income of the consumer and total expenditure on it change in the same direction.