Question

Elasticity of Demand is defined as:

A percentage change in quantity demanded/percentage change in price
B percentage change in price/ percentage change in quantity demanded
C change in price / change in quantity demanded
D change in quality / change in price
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)