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
• Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis 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:
• If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
• 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: