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

Related MCQs

• A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity
• On a linear demand curve, the coefficient of price elasticity is unity, then the value of MR will be
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is
• When both the price of a substitute and the price of complement of X rises, the demand for X
• As a result of a fall in the price total expenditure on the commodity decreases, the coefficient of elasticity will be
• 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
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased
• If the income elasticity of demand is greater than one, then the commodity is