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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Elasticity of demand is equal to one indicates

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Question

Elasticity of demand is equal to one indicates

Options

  • Unitary Elastic Demand

  • Perfectly Elastic Demand

  • Perfectly Inelastic Demand

  • Relatively Elastic Demand

MCQ
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Solution

Unitary Elastic Demand

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Chapter 2: Consumption Analysis - Model Questions - Part A [Page 51]

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Samacheer Kalvi Economics [English] Class 11 TN Board
Chapter 2 Consumption Analysis
Model Questions - Part A | Q 17 | Page 51

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As we move along a downward sloping straight line demand curve from left to right, price
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