Maharashtra State BoardHSC Arts 12th Board Exam
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Fill in the blanks with appropriate alternatives given in the bracket. Demand elasticity can be measured from demand curve by ___________ method. - Economics

MCQ

Fill in the blanks with appropriate alternatives given in the bracket.

Demand elasticity can be measured from demand curve by ___________ method. 

Options

  • 1.Total outlay

  • 2.Percentage

  • 3.Geometric

  • 4.Mathematical

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Solution

Demand elasticity can be measured from demand curve by geometric method.
Explanation:
Geometric method is also called point method of measuring elasticity. Under this method, elasticity is measured at different points on a demand curve.

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