📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Find the incorrect option regarding the elasticity of

      commodities?
      A Demand for salt is perfectly elastic Correct Answer Incorrect Answer
      B If price of Colgate increases, demand for closeup increases Correct Answer Incorrect Answer
      C Elasticity measures the percentage change in quantity demanded for a percentage change in price Correct Answer Incorrect Answer
      D All of these Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Salt is a necessity so demand for salt is inelastic

      Practice Next
      More Audit Questions

      Relevant for Exams:

      ask-question