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
• When demand curve is rectangular hyperbola, the value of price elasticity of demand will be
• When both the price of a substitute and the price of complement of X rises, the demand for X
• On a linear demand curve, the coefficient of price elasticity is unity, then the value of MR will be
• Relation between price of a commodity and demand for another commodity is measured by
• When the price of the substitute commodity of X falls, the demand for X
• A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity
• An increase in the price of the commodity when demand is inelastic causes the total expenditure of consumers of the commodity to
• If the income elasticity of demand is greater than one, then the commodity is