Which one is the method for measurement of elasticity

Related MCQs

• Outlay method of measurement of elasticity is also called as
• …….method measures elasticity between two points
• …………Method is also known as Sales‐ Force –Composite method or collective opinion method
• If the income elasticity of demand is that one, the good is a
• 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 income elasticity of demand is negative for a
• Perfect elasticity is known as
• In the case of perfect elasticity, the demand curve is
• The elasticity of demand for a product will be higher: