New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Elasticity of Demand is defined as:

    A percentage change in quantity demanded/percentage change in price Correct Answer Incorrect Answer
    B percentage change in price/ percentage change in quantity demanded Correct Answer Incorrect Answer
    C change in price / change in quantity demanded Correct Answer Incorrect Answer
    D change in quality / change in price Correct Answer Incorrect Answer

    Solution

    The correct answer is A

    Practice Next