If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is:

Related MCQs

• If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
• From the position of stable equilibrium, the market supply of a commodity decreases, while the market demand remains unchanged, then:
• If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is:
• If a small change in price leads to infinitely large change in quantity demanded, then the demand is:
• When the price of the substitute commodity of X falls, the demand for X:
• Relation between price of a commodity and demand for another commodity is measured by:
• When an individual’s income falls, when everything else remains the same, his demand for inferior goods:
• In a horizontal straight line demand curve, the price elasticity of demand is:
• If the income elasticity of demand is greater than one, then the commodity is:
• Other things remaining the same, the quantity of a product demanded increases with ------------ in price.