CUET Economics - If the supply curve of a good cuts the price axis in its positive range and as we extend the straight line, it cuts the quantity-axis at its negative range, the elasticity of supply for the good will be: | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Micro

Medium

Less than 1.

Equal to 1.

More than 1.

Not defined (infinity).

✅ Correct Option: 3

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When we have proportionately more output than input this economic concept is known as .........

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Match List-I with List-II

List-I	List-II
(A) Production function	(I) $f(tx_1, tx_2) > t f(x_1, x_2)$
(B) Constant returns to scale	(II) $f(tx_1, tx_2) < t f(x_1, x_2)$
(C) Increasing returns to scale	(III) $f(x_1, x_2)$
(D) Decreasing returns to scale	(IV) $f(tx_1, tx_2) = t f(x_1, x_2)$

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CUET Economics 2025 21 May Shift 1 PYQs