Demand curve is parallel to X axis, in case of _______

Elasticity of Demand - 1

Quiz
•
Education
•
12th Grade
•
Hard
Sujata Debnath
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Perfectly elastic demand
Perfectly inelastic demand
Relatively elastic demand
Relatively inelastic demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Rectangular hyperbola : ____________ :: Steeper demand curve : Relatively inelastic demand.
Unitary elastic demand
Perfectly elastic demand
Relatively inelastic demand
Relatively elastic demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Elasticity resulting from infinite change in quantity demanded.
Relatively inelastic demand
Perfectly inelastic demand
Perfectly elastic demand
Relatively elastic demand
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
_________ explained the concept of elasticity of demand.
Pigou
Dr. Alfred Marshall
Adam Smith
Hicks
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The numerical value for relatively inelastic demand is _________.
Ed = 0
Ed = 1
Ed >1
Ed < 1
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The demand for salt is ________.
infinite elastic
elastic
unitary elastic
inelastic
7.
MULTIPLE SELECT QUESTION
30 sec • 5 pts
Following are the determinants for elasticity of demand:
Nature of commodity
Habits
Durability
Availability of substitutes
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