CUET Economics - Suppose the price of the commodity is declined by 10%, as a result of which, the quantity demanded increased by 20%. Then, calculate the value of the elasticity of demand (e_D) and confirm its type. | PYQs + Solutions | AfterBoards

CUET Economics 2026 11th May Shift 1 PYQs

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CUET Economics 2026 11th May Shift 1

Micro

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Easy

$e_D$ = -2 and inelastic

$e_D$ = 2, and unitary elastic

$e_D$ = 2, and perfectly inelastic

$e_D$ = 2 and elastic

✅ Correct Option: 4

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