Answer-Elasticity of demand measures the

Home
Questions
Marketing
Sale
Elasticity of demand measures the

Question

Elasticity of demand measures the

A responsiveness of the quantity demanded to changes in the price Correct Answer Incorrect Answer

B responsiveness of demand to change in supply of goods Correct Answer Incorrect Answer

C change in price due to change in demand Correct Answer Incorrect Answer

D change in demand due to change in tastes of consumer Correct Answer Incorrect Answer

Solution

The price elasticity of demand measures the responsiveness of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes. Necessities tend to have inelastic demand.

Practice Next

More Sale Questions

गांधीवाद केवल (1)/दर्शन तक (2)अध्यात्म अथवा (3,) सीमित हो ऐस�...
तद्भव शब्द है-
निम्नलिखित में से युक्त वाक्य कौन-सा है?
जो शब्द प्रत्ययरहित है, वह है
' पुरातन ' किसका विलोम शब्द है ?
इनमें से अघोष वर्ण है :
नकुल’ से बना तद्भव शब्द क्या है ?
‘परशुराम ने कर्ण को झूठ बोलने के कारण _____ दिया।' रिक्त स्थान...
इनमें से 'ऊष्म' वर्ण कौन-सा है?
सूरदास ने कौन-सा रचना अवधी में नहीं की?

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question