Question
The value of elasticity of demand in perfectly
inelastic demand is?Solution
When the price elasticity of demand for a good is perfectly inelastic (Ed = 0), changes in the price do not affect the quantity demanded for the good; raising prices will always cause total revenue to increase.
Who became South Korea’s first civilian Defence Minister in over 60 years?
On which date has the United Nations proclaimed World Football Day?
Which scheme was launched for the welfare of workers in the unorganized sector who are not members of the EPFO or ESIC?
Consider the following statements:
I. Iran and Belarus are likely to be the two newest additions to the Shanghai Cooperation Organisation (SCO)
Which of the following is not an FMCG company?
Which country highest civilian award has been bestowed upon on Sri Ravi Shankar ?
The Economic Survey 2023 projects a baseline GDP growth of ________ in real terms in FY24.
Who topped Bloomberg’s list of the Top 10 Richest Families in Asia in 2025?
Who replaced Hari Babu Kambhampati as the Governor of Mizoram?
Which satellite played a key role in confirming the presence of the smaller black hole orbiting a larger black hole in the galaxy OJ 287, as observed in...
