If a small change in price leads to infinitely large change in quantity demanded, then the demand is:

Related MCQs

• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is:
• Other things remaining the same, the quantity of a product demanded increases with ------------ in price.
• In a horizontal straight line demand curve, the price elasticity of demand is:
• There is ------- relationship between price and quantity supplied
• Supply curve represents -------- relationship between quantity and price
• Supply curve represents -------- relationship between quantity and price.
• Effective demand is that demand when:
• Change in quantity supplied of a product can result from
• Relation between price of a commodity and demand for another commodity is measured by:
• Demand varies ------------- with price.