When the price elasticity of demand is equal to one, the demand curve is

Related MCQs

• The AR curve and industry demand curve are identical
• According to the ‘Law of Demand, demand varies ________ with price.
• Total Outlay Method of measuring Elasticity of Demand was introduced by _________
• In the case of a perfectly competitive firm, the demand curve for product is
• If the proportionate change in the supply is equal to the proportionate change in price, it is said to be _______ supply.
• When the price of a complementary product falls, the demand for the other product will ___
• _________ demand is also known as Direct Demand.
• Point Elasticity was propounded by ________________
• In the case of rare coins, supply curve will be
• Due to the operation of ‘Laws of return to Scale’ LAC curve is