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प्रश्न
Degrees of price elasticity of demand is of ______ types.
पर्याय
three
five
two
four
उत्तर
Degrees of price elasticity of demand is of five types.
Explanation:
- Perfectly Elastic Demand (Ed = ∞)
- Perfectly Inelastic Demand (Ed = 0)
- Relatively Elastic Demand (Ed > 1)
- Relatively Inelastic Demand (Ed < 1)
- Unitary Elastic Demand (Ed = 1)
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| Column I | Column II | ||
| (i) | Perfectly elastic demand | A. | Ed = 0 |
| (ii) | Perfectly inelastic demand | B. | Ed = ∞ |
| (iii) | Relatively elastic demand | C. | Ed < 1 |
| (iv) | Relatively inelastic demand | D. | Ed > 1 |
Match the following:
| Column I | Column II |
| A. Perfectly Elastic | (i) Ed = 0 |
| B. Perfectly Inelastic | (ii) Ed = infinity |
| C. Highly Elastic | (iii) Ed < I |
| D. Less Elastic | (iv) Ed > I |
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