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CUET Economics 2025 PYQs22 May Shift 1. Free, no login required.

Micro

past year questions, CUET Economics 2025 22 May Shift 1

Market Equilibrium

past year questions, Micro, CUET Economics 2025 22 May Shift 1

Medium

The price elasticity of demand is different at different points on the linear demand curve. Arrange the elasticity point on a downward sloping (left to right) demand curve.

(A). |ed| < 0

(B). |ed| = 1

(C). |ed| > 1

(D). |ed| < 1

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 4

Option 4: (C), (B), (D), (A) -> On a linear downward sloping demand curve (moving from left to right, i.e., from high price-low quantity to low price-high quantity), elasticity varies systematically:

• At the upper portion (high price, low quantity): (C) |ed| > 1 - Demand is ELASTIC

• At the midpoint: (B) |ed| = 1 - Demand is UNIT ELASTIC

• At the lower portion (low price, high quantity): (D) |ed| < 1 - Demand is INELASTIC

• At the point where curve meets quantity axis: (A) |ed| approaches 0 - Demand is PERFECTLY INELASTIC

This follows the fundamental principle that elasticity changes continuously along a linear demand curve, starting from highly elastic at the top and becoming increasingly inelastic as we move down the curve. The arrangement (C)→(B)→(D)→(A) correctly represents this progression. -> correct

Related questions:

2025: 21 May Shift 1

A hurricane in some parts of the country destroyed a major part of the onion crop. Arrange the chain effects of the same on onion market in proper sequence.

(A) There will be upward pressure on the price of onions.

(B) The buyers will compete in order to get onions in the market.

(C) Demand contracts and supply expands until the market achieves a new equilibrium.

(D) The market supply of onions decreases, leading to excess demand for the same.

Choose the correct answer from the options given below:

2025: 2 June Shift 1

If due to fall in price, total expenditure on the commodity falls, it indicates?

2025: 2 June Shift 1

When will increase in supply bring down the price, leaving the quantity demanded unchanged?

2025: 27 May Shift 2

Arrange the following statement of government intervention in the form of price control.

(A) The government sets floors or minimum prices for these goods and services.

(B) A fall in price below a particular level is not desirable.

(C) The price charged for a particular good or service is called the price floor.

(D) The government imposed a lower limit on the price.

Choose the correct answer from the options given below:

2026: 31 May Shift 1

Match the LIST-I with LIST-II

LIST-ILIST-II
A. Floor PriceI.Decrease in supply
B. Price ceilingII.Setting the minimum price
C. Leftward shift in supply & demand curveIII.Increase in demand
D. Rightward shift in demand and supply curveIV.Setting the maximum price

Choose the correct answer from the options given below:

2025: 16 May Shift 1

Which of the following is incorrect with reference to the imposition of a price floor for a good?

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