Home

If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of demand is:

A. Perfectly elastic

B. Elastic

C. Unitary elastic

D. Inelastic

Study and Earn Android App
Share this question with your friends

Correct Answer : C.


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

Submit
Load More..

Also checkout

Urologic infections and inflammations MCQ Current Affairs August 2017 MCQ Phylum - Mammalia MCQ Drawing Inference MCQ Chemical Engineering Plant Economics MCQ Surds and Indices MCQ Compounds with Functional Groups Containing MCQ Matter MCQ Astronomy MCQ Compressors, Gas Turbines & Jet Engines MCQ Analogy MCQ Angiosperms (Taxonomy and Classification) MCQ