The equation of the demand curve : pq = e, where e is a constant. Select the INCORRECT statement: 1. The demand curve is a rectangular hyperbola. 2.…
CUET UG 2025 — Economics Micro
The equation of the demand curve : pq = e, where e is a constant.
Select the INCORRECT statement:
- The demand curve is a rectangular hyperbola.
- The value of p times q is constant.
- The elasticity of demand at all points located on this demand curve is greater than 1.
- At every point of consumption, the expenditure remains the same.
Held on 31 May 2025 · Verified 13 Jul 2026.
Options
- A
The demand curve is a rectangular hyperbola.
- B
The value of p times q is constant.
- C
The elasticity of demand at all points located on this demand curve is greater than 1.
- D
At every point of consumption, the expenditure remains the same.
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