When Q = f (P), the elasticity coefficient is measured by

Related MCQs

• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is
• As a result of a fall in the price total expenditure on the commodity decreases, the coefficient of elasticity will be
• On a linear demand curve, the coefficient of price elasticity is unity, then the value of MR will be
• For substitutes, cross elasticity is --------
• For complementary goods, cross elasticity is --------
• For necessary goods, the income elasticity of demand
• Income elasticity of demand for inferior goods is
• In the case of luxury goods, the income elasticity of demand will be
• Income elasticity is positive, but less than unity in the case of
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased