Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price:

A. Equal to one

B. Greater than one

C. Smaller than one

D. Zero

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

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  1. Technological efficiency:
  2. When elasticity of demand is less than one (e
  3. AR curve under perfect competition:
  4. MC curve is:
  5. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  6. In monopolistic competition, the customers are attached with one product because of:
  7. Price elasticity of demand can be measured in the following way:
  8. When with a change in price the total outlay (expenditures) on a commodity remains constant, it is a…
  9. The main contribution of Prof. Lord Keynes is in the field of:
  10. Which one of the following has been the most influential work of F.H.Knight?
  11. In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
  12. When AC curve falls, MC curve falls:
  13. Who wrote Mathematical Analysis for Economists?
  14. Which of the following has more elastic demand curve?
  15. In short run, a firm can change its:
  16. Kinked Demand Curve is consistent with which one of the following market situations?
  17. The slope of an iso-quant represents:
  18. If the production increases under decreasing returns to scale, the cost will:
  19. In the case of substitutes, the cross demand curve slopes
  20. In cournot model, firms face:
  21. All money costs can be regarded as:
  22. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  23. Increasing returns is not caused by:
  24. If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
  25. In monopolistic competition, the firm take advantage due to customers:
  26. In the perfect competition, there is a process of:
  27. The minimization of costs subject to output requires equilibrium at the lowest:
  28. If a firm produces zero output in the short period then which statement is true?
  29. Total profits are maximized at the point where:
  30. An effective price ceiling usually results in: