Demand for a commodity is elastic when

Business Management Mcqs
BILAL KHATTAK0

A.Change in price causes greater change in its demand
B.Change in price does not change its demand
C.Change in National income causes change in demand
D.Any of the above
E.None of the above

Related Mcqs:

  1. Decrease in demand means:
  2. Extension is demand means:
  3. Price elasticity of demand is best defined as
  4. The elasticity of demand explains the relationship between
  5. The law of demand indicates the relationship between
  6. If more is demanded at the same price or same quantity at a higher price, this fact of demand is known as
  7. A vertical demand curve for a commodity shows that demand is
  8. People will tend to demand money if they think
  9. A decrease in the quantity supplied to the market at given prices leads to
  10. Law of demand correlates

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