If the price elasticity is between 0 and 1, demand is

Related MCQs

• Suppose a rise in the price of peaches from Rs.5.50 to Rs. 6.50 per bushel decreases the quantity demanded from 12,500 to 11,500 bushels. The price elasticity of demand is
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• A good with a vertical demand curve has a demand with
• In case of normal goods, demand curve shows:
• Law of demand must fail in case of:
• Other things being equal a decrease in demand can be caused by
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• Price effect is
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