Elasticity (e) expressed by the formula 1 > e > 0 is -

Related MCQs

• If a good has negative income elasticity and positive price elasticity of demand, it is a
• A demand curve, which is parallel to the horizontal axis, showing quantity, has the price elasticity equal to -
• The income elasticity of demand being greater than one, the commodity must be -
• In the case of an inferior good, the income elasticity of demand is :
• Cross elasticity of demand between petrol and car is -
• If two commodities are complements, then their crossprice elasticity is-
• If the supply curve is a straight line passing through the origin, then the price elasticity of supply will be -
• Elasticity of demand measures the responsiveness of the quantity demanded of a goods to a
• Elasticity of demand is the degree of responsiveness of demand of a commodity to a -
• The value of a commodity expressed in terms of money is known as -