Demand for electricity is elastic because

Business Management Mcqs
BILAL KHATTAK0

A.It is very expensive
B.It has number of close substitutes
C.It has number of alternatives uses
D.All of the above
E.None of the above

Related Mcqs:

  1. An increase in demand that leads to an increase in wealth
  2. The elasticity of demand explains the relationship between
  3. Demand for a commodity is elastic when
  4. The elastic limit of cast iron is
  5. A vertical demand curve for a commodity shows that demand is
  6. The number of elastic constants for a completely anisotropie elastic material which follows Hooke’s law is
  7. The number of elastic constants for a completely anisotropic elastic material which follows Hooke’s law, is
  8. For an isotropic, homogeneous and elastic material, which obeys Hooke’s law, the number of independent elastic constants is
  9. The substitution effect works to encourage a consumer to purchase more of as product when the price of tha good is falling because
  10. If two commodities are jointly demanded they are

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