Option 2: 0.5 -> Price elasticity of demand is calculated as (% change in quantity demanded) / (% change in price). Here: % change in quantity = [(12-15)/15] × 100 = -20%, and % change in price = [(7-5)/5] × 100 = 40%. Therefore, elasticity = -20% / 40% = -0.5. The absolute value is 0.5, indicating inelastic demand (less than 1) where quantity demanded changes proportionally less than price changes. -> correct
An individual buys 15 kg of sugar when its price is Rs. 5 per kg. When the price increases to Rs. 7 per kg, the demand goes down to 12 kg of sugar.…
CUET UG 2025 — Economics Micro
2025mcqmedium
An individual buys 15 kg of sugar when its price is Rs. 5 per kg. When the price increases to Rs. 7 per kg, the demand goes down to 12 kg of sugar. What is the price elasticity of demand for sugar?
Official previous-year question
Held on 3 Jun 2025 · Verified 13 Jul 2026.
Options
- A
0.3
- B
0.5
- C
0.4
- D
−0.3
Did you get this right?
Sign in to track your attempts and accuracy.
Your note
Sign in to keep a private note on this question. Nothing you write is ever public.
CUET UG Micro in other years
More CUET UG Micro questions
The point on the supply curve at which a firm earns only normal profit is called ...........
2025easy
The price and quantity demanded are __________
2025medium
Select the INCORRECT feature of the market with respect to perfect competition. 1. The market consists of a large number of buyers and sellers. 2. Entry into the market as well as exit from the market are free for firms. 3. Buyers are price makers. 4. There is perfect knowledge.
2025medium
The allocation of scarce resources and the distribution of the final goods and services are the _____ of any economy. 1. States problems 2. Consumption problems 3. Central problems 4. Production problems
2025easy
Any allocation of resources by the society would result in the _____ of a particular combination of different goods and services.
2025easy
Other Economics topics for CUET UG
Keep practicing Micro
Work through every CUET UG Micro PYQ, year by year.