Advertisements
Advertisements
प्रश्न
Elasticity of demand for two goods A and B is -2 and -3 respectively. Then good A has higher elasticity.
पर्याय
True
False
Advertisements
उत्तर
This statement is False.
Explanation:
Good B has a higher elasticity because -3 (the elasticity of demand for good B) is more elastic than -2 (the elasticity of demand for good A). The more negative the elasticity value, the more elastic the demand is.
APPEARS IN
संबंधित प्रश्न
Choose the correct answer :
Perfectly elastic demand curve is _________.
Choose the correct answer :
Demand of labour is _______
The account in which the specific amount is deposited per month regularly is known as ______.
Match the following:
|
Group A
|
Group B
|
|
1. Cars and petrol
|
a. Elastic demand
|
|
2. Point method
|
b. Complementary
|
|
3. Necessary goods
|
c. Geometric method
|
|
|
d. Inelastic demand
|
What is the implication of a vertical demand curve?
Explain briefly the factors on which elasticity of demand depends.
When will the demand curve be parallel to x-axis?
Which of the following correctly describes the relationship between availability of substitutes and price elasticity of demand?
How does the time period affect the elasticity of demand?
What effect do habitual consumption patterns have on price elasticity of demand?
