Home

Join Our Socials

Telegram Group
Join Community
Twitter Group
Pinterest Group
Facebook Group
Subscribe YouTube

What is the correct answer?

4

Demand is elastic when the coefficient of elasticity is:

A. greater than zero

B. less than one

C. greater than one

D. less than one

Correct Answer :

C. greater than one


Share this question with your friends
Show all Basics of Economics MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..

Related Questions

Perfect competition assumes: The point where the supply and demand curves intersect on a graph determines: We can find total utility by: Total profits are maximized at the point where: A vertical supply curve parallel to the price axis implies that the elasticity… The demand curve in monopolistic competition (also in kinked demand curve… The difference between average cost and average revenue is: The marshallian indirect utility function in the form of equation is: If the commodity is normal then fall in price will result in: Necessary condition for consumer equilibrium is: The main contribution of Malthus is in the field of: A firm under perfect competition has: In long run, a firm can change: The external economies of scale experienced by a firm include the: When total product falls: The firms in non-cooperative games: In a socialist (communist) economy the invisible hand: The act of producing the output from more than one plant is concerned… In economic term water is a: When price increases and with it the total outlay on a commodity also… The fundamental choices that a society must make about the use of its… In the range of excess capacity, the average costs are: Average cost curve contains in it: The number of sellers in oligopoly are: In Nash Equilibrium: Which one of the following is also known as Plant Curves: Capital and Development Planning is the work of: In general, most of the production functions measure: If the price of product A decreases and in the result the demand for product… The price consumption curve (PCC) for commodity X is the locus of points…

Also checkout

Chemical Kinetics MCQ Clause Analysis MCQ Current Affairs January 2023 MCQ Nuclear Chemistry MCQ Statutory Deductions MCQ Alligation or Mixture MCQ Rearrangement Set 7 MCQ Rearrangement Set 3 MCQ Property of Material MCQ General Chemistry MCQ Phylum - Reptilia MCQ Pipes and Cistern MCQ