Advertisements
Advertisements
प्रश्न
When the percentage change in quantity demanded is equal to percentage change in price, then it is called as ______ demand.
विकल्प
Unit elastic
Relatively elastic
Relatively inelastic
Unique elastic
उत्तर
When the percentage change in quantity demanded is equal to percentage change in price, then it is called as unit elastic demand.
APPEARS IN
संबंधित प्रश्न
The coefficient of price elasticity of a good is 0.8 its demand will said to be ______.
As a result of a 10% fall in price of good X its demand also increases by 10%. The price elasticity of demand for the commodity will be ______.
When the percentage change in demand of a commodity is greater than the percentage change in its price, the demand for the commodity is ______.
If the percentage increase in the quantity demanded of a commodity is less than the percentage fall in its price, then elasticity of demand is ______.
When is the demand for a commodity said to be elastic?
Briefly explain the percentage method of calculating elasticity of demand.
