CUET Economics Micro > Tools Of Demand & Supply PYQs

Increased Supply.

Constant Demand.

Excess Demand.

Decreased Demand.

200 units

275 units

125 units

100 units

Only equilibrium price remains unchanged.

Only equilibrium quantity remains unchanged.

Equilibrium price remains unchanged but equilibrium quantity decreases.

Equilibrium price remains unchanged but equilibrium quantity increases.

Equilibrium price = 100, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 600

Equilibrium price = 100, Equilibrium Quantity = 600

price elasticity of demand is zero.

price elasticity of demand is less than unity.

price elasticity of demand is infinity.

price elasticity of demand is greater than unity.

300 Units.

450 Units.

600 Units.

150 Units.

When demand for the commodity is perfectly elastic.

When demand for the commodity is perfectly inelastic.

When demand for the commodity is less elastic.

When demand for the commodity is more elastic.

Excess Supply.

Deficit Supply.

Excess Demand.

Deficit Demand.

Elasticity of supply is less than one.

Elasticity of supply is equal to one.

Elasticity of supply is greater than one.

Elasticity of supply is equal to zero.

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(A), (C) and (D) only

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Zero

One

Between one and zero

Infinite

Supply curve is sloping downward.

Supply curve is horizontal.

Supply curve is upwards sloping.

Supply curve is vertical.

The quantity of commodity will decrease.

The quantity of commodity will increase.

The quantity of commodity will remain same.

The supply curve will shift rightwards which will decrease quantity of commodity.

(B), (A), (C), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

e_p > -1

e_p < -1

e_p = -1

e_p = 0

(B), (A), (C), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Downward

Upward

Vertical

Horizontal

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

Price decreases.

Remain Same.

Price increases.

May increase may decrease.

e=-1

e.=1.25

e.=2

e.=1.75

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (I), (B) - (IV), (C) - (II), (D) - (IV)

(A) - (III), (B) - (II), (C) - (IV), (D) - (I)

(A) - (IV), (B) - (I), (C) - (II), (D) - (III)

Fall in price of the given commodity.

rise in the price of Substitute goods.

Rise in price of the given commodity.

fall in the price of Substitute goods.

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (II), (C) - (I), (D) - (IV)

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(D), (C), (B), (A)

1.0

1.8

0.8

1.25

(A), (C), (B), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Other variables remain constant.

One variable remain constant.

Other variables remain flexible.

One variable remain flexible.

Increase the price.

Decrease the price.

Price remain constant.

Price may increase or decrease.

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (IV), (B) - (III), (C) - (I), (D) - (II)

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

(A), (B), (C), (D)

(D), (B), (A), (C)

(B), (A), (C), (D)

(C), (B), (D), (A)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (I), (B) - (III), (C) - (I), (D) - (II)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

(A), (B), (D), (C)

(A), (D), (B), (C)

(D), (A), (B), (C)

(D), (B), (A), (C)

1

2

3

4

1

2

3

4

2

1.3

1

0.5

1

2

3

4

0.4

0.5

1.25

2.5

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(D), (C), (A), (B)

2

3

4

1

Floor Pricing.

Price Ceiling.

Maximum retail Price.

Price Discrimination.

0.3

0.2

0.5

0.4