CUET Economics - When the price of a good falls from Rs. 40 to Rs 30, the total revenue earned by the firm falls from Rs. 4000 to Rs. 2700, find price elasticity of supply for the good. | PYQs + Solutions

CUET Economics 2025 16 May Shift 1

Micro

Medium

1.3

0.5

✅ Correct Option: Drop

Related questions:

2 June Shift 1

What would price ceiling lead to when the maximum price is fixed lower than the equilibrium price?

30 May Shift 2

Arrange the following statement in the context of elasticity along a linear demand curve (left to right).

(A) e_d = 1

(B) e_d > 1

(D) e_d < 1

Choose the correct answer from the options given below:

16 May Shift 1

What will be the shape of unitary elastic supply curve?

CUET Economics 2025 16 May Shift 1 PYQs