If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is

Related MCQs

• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is:
• The proportionate change in the quantity demanded of a commodity in response to change in the price of another related commodity is called
• In case of …….. quantity demanded changes less than proportionate to changes in price
• When the quantity demanded of a commodity rises due to a fall in price, it is called
• When the quantity demanded of a commodity rises due to a fall in price, it is called
• A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity to:
• Law of demand shows the functional relationship between _______ and quantity demanded
• Law of demand shows the functional relationship between ………….and quantity demanded
• The horizontal demand curve for a commodity shows that its demand is:
• When the demand changes due to changes in other factors, like taste and preferences, income, price of related goods etc... , it is called