When demand curve is rectangular hyperbola, the value of price elasticity of demand will be:

Related MCQs

• If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is:
• For complementary goods, the cross elasticity of demand:
• Income elasticity of demand for inferior goods is:
• In the case of luxury goods, the income elasticity of demand will be:
• If the income elasticity of demand is greater than one, then the commodity is:
• Cross elasticity of demand in the case of substitutes:
• Supply curve represents -------- relationship between quantity and price
• The demand curve for Giffen’s goods:
• A movement down the given demand curve shows:
• Change in demand due to a change in the price of related good :