Advertisements
Advertisements
प्रश्न
Demand for a good is less elastic when ______.
पर्याय
Percentage change in price (>) Percentage change in quantity demanded
Percentage change in quantity demanded > Percentage change in price
Percentage change in price = Percentage change in quantity demanded
Demand remains same even with change in price
MCQ
रिकाम्या जागा भरा
Advertisements
उत्तर
Demand for a good is less elastic when Percentage change in price (>) Percentage change in quantity demanded.
Explanation:
Demand is less elastic when the percentage change in quantity demanded is smaller than the percentage change in price. The second describes elastic demand, the third unitary elasticity, and the fourth perfectly inelastic demand.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
