Solved UPSC CDS/OTA Question
A solved UPSC CDS/OTA PYQ - decoded step-by-step.
Solve it the standard way once - then learn the shortcut.
Q · Demand and SupplyMedium · 45s
If the price of a commodity increases by 20% and its demand falls by 10%, then the demand is:
TopicDemand and Supply
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
% change in demand < % change in price → inelastic demand.
Final Answer: Option B - Inelastic