CUET Economics - In which of the following, the demand for a good will be highly price elastic? | PYQs + Solutions

CUET Economics 2025 16 May Shift 1

Micro

Medium

When the price of the good and total expenditure on it change in the same direction.

When the price of the good and total expenditure on it change in the opposite direction.

When the price of the good and does not affect the total expenditure.

When the income of the consumer and total expenditure on it change in the same direction.

✅ Correct Option: 2

CUET Economics 2025 16 May Shift 1 PYQs