CUET Economics - The equation of demand curve of a good for a consumer is given to be p_d = e where e is a constant. What will be the shape of the demand curve? | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Micro

Medium

Parallel to x axis.

Parallel to y axis.

Downward sloping rectangular hyperbola.

Downward sloping straight line forming and angle of 135° with x axis.

✅ Correct Option: 3

Related questions:

3 June Shift 2

Arrange the following statements showing the change in budget set due to change in income.

(A) The equation of the budget line is $P_1 X_1 + P_2 X_2 = M'$.
(B) Consumer's income increases from M to M', but the price of goods remains constant.
(C) The set of available bundles depends upon prices and the income of the consumer.
(D) Consumers can buy more of the goods at the prevailing market prices.

Choose the correct answer from the options given below:

22 May Shift 2

The rate at which the consumer is willing to substitute one good for the other is indicated by:

31 May Shift 1

The equation of the demand curve : pq = e, where e is a constant.

Select the INCORRECT statement:

The demand curve is a rectangular hyperbola.
The value of p times q is constant.
The elasticity of demand at all points located on this demand curve is greater than 1.
At every point of consumption, the expenditure remains the same.

CUET Economics 2025 21 May Shift 1 PYQs