The concept of Elasticity of Demand was introduced by

Related MCQs

• Demand for tyres depends on demand of vehicles, the demand for tyres called as
• If the income elasticity of demand is that one, the good is a
• The income elasticity of demand is negative for a
• In the case of perfect elasticity, the demand curve is
• A demand curve which takes the form of horizontal line parallel to quantity axis illustrates elasticity which is:
• Consider a demand curve which takes the form of a straight line cutting both axes. Elasticity at the mid-point of the line would be:
• The elasticity of demand for a product will be higher:
• Cross elasticity of demand between tea and sugar is:
• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is:
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is