CUET Economics - A producer supplies 400 units when the price per unit is Rs.10. The price is increased to Rs.11 and the price elasticity of supply is 2. How many units will the producer supply? | PYQs + Solutions

CUET Economics 2026 20th May Shift 1

Micro

Medium

500

450

480

440

✅ Correct Option: 3

Related questions:

13 May Shift 2

Set of all possible combinations of the two inputs that yield the same maximum possible level of output is known as.........

13 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Relationship between the variable input and output.	(I) Average Product
(B) Output per unit of variable input.	(II) Marginal Product
(C) Change in output per unit of change in the input	(III) Law of variable proportions
(D) The marginal product of a factor input initially rises with its employment level	(IV) Total Product

Choose the correct answer from the options given below:

28 May Shift 2

The firm must employ more of the variable inputs, in order to increase the production of output. Therefore, as output increases

CUET Economics 2026 20th May Shift 1 PYQs