Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:

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). $|e_D| = 0$
(B). $|e_D| = 1$
(C). $|e_D| > 1$
(D). $|e_D| < 1$

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (4) → (C), (B), (D), (A)

(C). $|e_D| > 1$
(B). $|e_D| = 1$
(D). $|e_D| < 1$
(A). $|e_D| = 0$