Home / Topic / Price elasticity of demand
Topic Price elasticity of demand
Asked 4 times in CAPF over 7 years (2018–2025), peaking in 2019.
Key insights
- Most tested in CAPF — 4 of 4 PYQs
- Most asked in 2019
- Recurs across 3 years (2018–2025)
Across exams
CAPF · 4How the concept evolved
Rising — more than half its appearances (4 of 4) are since 2016.
Related concepts
Ideas UPSC tests alongside this one — keep exploring.
Sample questions
You've seen the pattern — here are a few of the actual PYQs.
CAPF2025
Which of the following statements about the relationship between price elasticity of demand and type of firm is/are correct?
- Perfectly elastic demand is associated with a competitive firm
- Perfectly inelastic demand is associated with a monopolistically competitive firm. Select the answer
using the code given below.
- A 1 only
- B 2 only
- C Both 1 and 2
- D Neither 1 nor 2
Answer key not yet available (pending official release)
Economy › Macroeconomics
CAPF2019
Zero price elasticity of demand means
- A whatever the change in price, there is absolutely no change in demand ✓
- B for a small change in price, there is a large change in demand
- C for a small change in price, there is a large change in demand
- D for a large change in price, there is a small change in demand
✓ Correct answer: (A)
Economy › Macroeconomics
CAPF2019
Suppose that the price of a commodity increases from ₹ 90 to ₹ 110 and the demand curve shows that the corresponding reduction in quantity demanded is from 240 units to 160 units, the coefficient of the price elasticity of demand will be
- A 1·0
- B 2·4
- C 0·5
- D 2·0
Answer key not yet available (pending official release)
Economy › Macroeconomics
Study how UPSC repeats — not just the papers
₹199 / 1 year · Founding Member
Full access unlocks the three things no PYQ PDF gives you:
① Cross-exam learning — see the same idea recur across CSE, CAPF, CDS and NDA.
② Topic evolution — how each idea is framed, year by year.
③ Question intelligence — every PYQ + answer, linked to related concepts and similar questions.
e.g. Round Table Conference: CDS 2017 → CSE 2017 → … → CAPF 2024
15 days free, no card required — then ₹199 for 1 year.
Start your 15-day free trial →