Given below are two statements: Assertion A: For a demand function and at price , point elasticity of demand is . Reason R: Demand is inelastic. In the light of the above statements, choose the most appropriate answer.
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Given below are two statements: Assertion A: For a demand function P = 60 - Q² and at price P = 44, point elasticity of demand is -1.375. Reason R: Demand is inelastic. In the light of the above statements, choose the most appropriate answer. (A) Both A and R are correct and R is the correct explanation of A (B) Both A and R are correct but R is NOT the correct explanation of A (C) A is correct but R is not correct (D) A is not correct but R is correct
Also written as: Given below are two statements: Assertion A: For a demand function P = 60 - Q^2 and at price P = 44, point elasticity of demand is -1.375. Reason R: Demand is inelastic. In the light of the above statements, choose the most appropriate answer.
Demand theory and elasticity has come up 161 times in 7 exams since 2004.
This question is on Price elasticity of demand, part of Demand theory and elasticity in Microeconomics.
How responsive quantity is to price, at a point, along a linear curve, and for constant-elasticity demand.
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Question from the CUET-PG 2026 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.