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
• If the percentage increase in the quantity demanded of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity:
• Other things remaining the same, the quantity of a product demanded increases with ----- in price.
• Change in demand due to a change in the price of related good :
• Change in demand due to change in relative price alone is called:
• In the case of normal goods, the quantity demanded varies inversely with:
• 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:
• The change in demand is due to the change in :