CUET Economics 2025 15 May Shift 1Micro > MediumIncrease in demand = increase in supplyDemand had increased but supply is unchanged.Increase in demand = Decrease in supplyIncrease in demand is greater than Increase in supply✅ Correct Option: 1Related questions:13 May Shift 2When 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.15 May Shift 1If 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.30 May Shift 1Downward movement along the demand curve is caused by _________.