Question:
Arrange the following elasticities of demand in increasing order.
(A) Elastic Demand
(B) Perfectly Elastic Demand
(C) Inelastic Demand
(D) Unitary Elastic Demand
(E) Perfectly Inelastic Demand
Choose the correct answer from the options given below :
Arrange the following elasticities of demand in increasing order.
(A) Elastic Demand
(B) Perfectly Elastic Demand
(C) Inelastic Demand
(D) Unitary Elastic Demand
(E) Perfectly Inelastic Demand
Choose the correct answer from the options given below :
(A) Elastic Demand
(B) Perfectly Elastic Demand
(C) Inelastic Demand
(D) Unitary Elastic Demand
(E) Perfectly Inelastic Demand
Choose the correct answer from the options given below :
Updated On: May 21, 2024
- (E), (C), (D), (A), (B)
- (A), (B), (C), (D), (E)
- (B), (C), (D), (E), (A)
- (B), (C), (D), (A), (E)
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The correct option is (A) :(E), (C), (D), (A), (B).
Was this answer helpful?
0
0
Top Questions on The elasticity of demand and its measurement
- When Elasticity of Demand is 1 at every point on the Demand Curve, this curve is known as:
- CUET (UG) - 2024
- Economics
- The elasticity of demand and its measurement
- For a profit maximising monopolist, the ratio of the profit margin to price (also known as the Lerner Index or the relative mark-up) has a relationship with the price-elasticity of demand at the profit maximising price. Then, which of the following statements is CORRECT?
- IIT JAM EN - 2024
- Macroeconomics
- The elasticity of demand and its measurement
- The following table provides different statistical model specifications along with the elasticity of yt with respect to xt. Which one of the following options is correct ?
Row Statistical Model Elasticity 1 \(y_t=β_1+β_2\frac{1}{x_t}\epsilon_t\) \(-\frac{β_2}{x^2_t}\) 2 \(y_t=β_1-β_2\text{ln}(x_t)+\epsilon_t\) \(-\frac{β_2}{x^2_t}\) 3 ln(yt) = β1 + β2 ln(xt) + εt β2 4 ln(yt) = β1 + β2xt + εt β2xt 5 ln(yt) = β1 + β2 ln(xt) + εt β2 exp(xt) 6 ln(yt) = β1 + β2xt + εt \(β_2\frac{1}{\text{exp}(x_t)}\) - GATE XH-C1 - 2024
- Statistics, Econometrics & Mathematical Economics
- The elasticity of demand and its measurement
- Suppose the price elasticity of demand for a good is (-)1. At a price of ₹4 per unit, demand for the good is 40 units. Suppose the price of the good increases to ₹6 per unit, and as a result, the demand for the good will be_____
- CUET (UG) - 2023
- Economics
- The elasticity of demand and its measurement
- Arrange the elasticity (ed) as we move upwards along a linear demand curve_ (A) ed = 1 (B) ed =0 (C) ed =Iinfinity (D) ed\(>\)1 (E) ed \(<\) 1Choose the correct answer from the options given below :
- CUET (UG) - 2023
- Economics
- The elasticity of demand and its measurement
View More Questions
Questions Asked in CUET exam
- A molecule X associates in a given solvent as per the following equation:
X ⇌ (X)n
For a given concentration of X, the van’t Hoff factor was found to be 0.80 and the
fraction of associated molecules was 0.3. The correct value of ‘n’ is:- CUET (UG) - 2024
- Solutions
- Who devised the concept of Intelligence Quotient (IQ)?
- CUET (UG) - 2024
- Psychological attributes
- Two pipes A and B can fill a tank in 32 minutes and 48 minutes respectively. If both the pipes are opened simultaneously, after how much time B should be turned off so that the tank is full in 20 minutes?
- CUET (UG) - 2024
- Time and Work
- If \(A = \begin{bmatrix} 3 & 2 \\ -1 & 1 \end{bmatrix} \quad \text{and} \quad B = \begin{bmatrix} -1 & 0 \\ 2 & 5 \\ 3 & 4 \end{bmatrix},\)then \((BA)^T\) is equal to:
- CUET (UG) - 2024
- Matrices
- The spin-only magnetic moment of Hexacyanomanganate(II) ion is.........BM
- CUET (UG) - 2024
- Magnetic moment
View More Questions