Price elasticity of demand on a linear demand curve at the X axis is _______.

Elasticity of Demand - 2

Quiz
•
Education
•
12th Grade
•
Medium
Sujata Debnath
Used 7+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Infinity
one
Less than one
Zero
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Demand curve is parallel to Y axis, in case of _______
Perfectly elastic demand
Perfectly inelastic demand
Relatively elastic demand
Relatively inelastic demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Straight line demand curve : Linear demand curve :: __________: non linear demand curve
Concave to origin
Intersecting the origin
Convex to origin
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Give economic term:- Degree of responsiveness of quantity demanded to change in income only.
Cross Elasticity of Demand
Price Elasticity of Demand
Income Elasticity of Demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Ratio method : Ed = %∆Q / %∆P :: __________________: Ed = Lower segment / Upper segment
Algebraic method
Percentage method
Geometric method
Aggregate method
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Perfectly elastic demand : Ed = ∞ :: __________: Ed= 0
Relatively elastic demand
Perfectly elastic demand
Perfectly inelastic demand
Relatively inelastic demand
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Normal goods for which demand increases with increase in income is known as :
Zero income elasticity
Positive income elasticity
Negative income elasticity
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