QN01. When the quantity demanded of a commodity rises due to a fall in price, it is called Extension Upward shift Downward shift Contraction Answer(A)Extension QN02. Perfect elasticity is known as Finite elastic Infinite elastic Unitary elastic Zero elastic Answer(B)Infinite elastic QN03. EP = ______________ in case of relatively inelastic demand 0 Infinite 1 <1…
This content is for paid premium members only.
You can view complete answer after activation your membership.
Buy membership
You can view complete answer after activation your membership.
Buy membership
Already a member? Log in here
