If the demand function is , when ; then elasticity of demand will be:
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UGC-NET 2026 Question 24: Demand theory and elasticity
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If the demand function is Q = 100 - 2P, when P = 25; then elasticity of demand will be: (A) -1 (B) -1.5 (C) -2 (D) -2.5
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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Question from the UGC-NET 2026 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.