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Q. |
## When demand curve is rectangular hyperbola, the value of price elasticity of demand will be: |

A. | Zero |

B. | One |

C. | Greater than one |

D. | Infinity |

Answer» B. One |

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- A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity:
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- If the demand curve is linear and negatively sloped, the marginal revenue curve has a slope:
- If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is:
- If a positively sloped linear supply curve passes through the origin, the elasticity of supply is:
- When both the price of a substitute and the price of complement of X rises, the demand for X: