CUET Economics 2025 15 May Shift 1 PYQs

Suppose, there is an increase in the income of the consumers, that shifts the demand curve to the right. What will be the change in the equilibrium condition?

Let us consider a linear demand curve $q = a - bp$. On the same demand curve, arrange the elasticity in ascending order.

(A) $|e_D| = 1$.

(B) $|e_D| < 1$.

(C) $|e_D| > 1$.

(D) $|e_D| = 0$.

Choose the correct answer from the options given below:

The market determined wage rate is $500 per month whereas the minimum wage fixed by the government is $$450 per month. As a result of this government intervention,