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As per the graph given below:

Figure for CUET Mathematics 2025 27 May Shift 1 question 64 (Statistics & Applications)

Match List-I with List-II

List-IList-II
(Function/Area/point)(Representation)
(A) Consumers Surplus(I) y=g(x)
(B) Supply function(II) v
(C) Demand function(III) s
(D) Equilibrium point(IV) y=f(x)

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

In a supply-demand graph, the demand function shows how much customers want to buy at different prices. When price increases, people buy less, creating a downward sloping curve, typically labeled as y=f(x)y = f(x).

The supply function shows how much sellers want to sell at different prices. When price increases, sellers supply more, creating an upward sloping curve, typically labeled as y=g(x)y = g(x).

The equilibrium point is where the supply and demand curves intersect, representing where supply equals demand. This is marked as a point on the graph.

Consumer surplus is the triangular area between the demand curve and the equilibrium price, representing the benefit consumers receive.


Matching List-I with List-II:

(A) Consumer Surplus is an area, represented by region ss

Therefore, (A) matches with (III)


(B) Supply Function is an upward sloping function, represented by the equation y=g(x)y = g(x)

Therefore, (B) matches with (I)


(C) Demand Function is a downward sloping function, represented by the equation y=f(x)y = f(x)

Therefore, (C) matches with (IV)


(D) Equilibrium Point is where the curves meet, marked as point vv

Therefore, (D) matches with (II)


The correct answer is: (A) - (III), (B) - (I), (C) - (IV), (D) - (II)

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