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Questions › UGC-NET › UGC-NET 2025 › Q82
2 marksMicroeconomics › Demand theory and elasticity › Price elasticity of demandHardabout 2 min

UGC-NET 2025 Question 82: Demand theory and elasticity

Match List-I with List-II.

List-IList-II
A. ∣ed∣\lvert e_d \rvert∣ed​∣ for demand function D=64−8PD = 64 - 8PD=64−8P, at P=6P = 6P=6I. 6
B. ese_ses​ for supply function S=−25+5PS = -25 + 5PS=−25+5P, at P=10P = 10P=10II. 4
C. The value of MR when P=8P = 8P=8 and ed=4e_d = 4ed​=4III. 3
D. The value of MPPLMPP_LMPPL​ when VMPL=12VMP_L = 12VMPL​=12 and P=3P = 3P=3IV. 2

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Match List-I with List-II. | List-I | List-II | A. | e_d | for demand function D = 64 - 8P, at P = 6 | I. 6 | B. eₛ for supply function S = -25 + 5P, at P = 10 | II. 4 | C. The value of MR when P = 8 and e_d = 4 | III. 3 | D. The value of MPP_L when VMP_L = 12 and P = 3 | IV. 2 | (A) A-III, B-IV, C-I, D-II (B) A-II, B-III, C-I, D-IV (C) A-I, B-IV, C-II, D-III (D) A-III, B-I, C-IV, D-II

Also written as: Match List-I with List-II. | List-I | List-II | A. | e_d | for demand function D = 64 - 8P, at P = 6 | I. 6 | B. e_s for supply function S = -25 + 5P, at P = 10 | II. 4 | C. The value of MR when P = 8 and e_d = 4 | III. 3 | D. The value of MPP_L when VMP_L = 12 and P = 3 | IV. 2 |

Demand theory and elasticity has come up 161 times in 7 exams since 2004.

What this question tests

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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