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प्रश्न
When is the demand for a good said to be elastic?
विकल्प
When % change in demand is less than % change in price
When % change in demand is greater than % change in price
When absolute change in demand is greater than absolute change in price
None of these
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उत्तर
When % change in demand is greater than % change in price
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संबंधित प्रश्न
Price elasticity of demand of goods X is -2 and goods Y is -3. Which of the two goods is more price elastic and why?
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Write a short note on factors determining elasticity of demand.
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Total outlay is price multiplied by quantity.
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Choose the correct answer from given options.
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