Question

Match the statements given under A with the correct options given under B.

(A)	(B)
(i) Highly Elastic Demand	a. Less Elastic Demand
(ii) Inexpensive Goods	b. \[ \frac{\Delta Q}{\Delta P}\times\frac{P}{Q} \]
(iii) Perfectly Inelastic demand	c. Horizontal straight line parallel to X-axis
(iv) Flatter Demand Curve	d. % Change in Demand > % Change in Price
(v) Perfectly Elastic Demand	e. Highly Elastic
(vi) Proportionate Method	f. Quantity Demanded does not change with change in price

Answer 1

(A)	(B)
(i) Highly Elastic Demand	d. % Change in Demand > % Change in Price
(ii) Inexpensive Goods	a. Less Elastic Demand
(iii) Perfectly Inelastic demand	f. Quantity Demanded does not change with change in price
(iv) Flatter Demand Curve	e. Highly Elastic
(v) Perfectly Elastic Demand	c. Horizontal straight line parallel to X-axis
(vi) Proportionate Method	b. \[ \frac{\Delta Q}{\Delta P}\times\frac{P}{Q} \]