Advertisements
Advertisements
प्रश्न
True or False with Reason:
Using outlay method, we can never have unitary elastic demand.
चूक किंवा बरोबर
Advertisements
उत्तर
This statement is false.
Explanation:
- Under the total outlay method, if total expenditure remains unchanged when price changes, demand is unitary elastic.
- Thus, the outlay method can identify unitary elastic demand.
- Therefore, it is incorrect to say unitary elastic demand can never be found using this method.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
