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If the percentage increase in the quanti...

If the percentage increase in the quantity demanded of a commodity is less than the percentage fall in its price, then elasticity of demand is:

A

`gt1`

B

`=1`

C

`lt1`

D

`=0`

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The correct Answer is:
c
N/a
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SANDEEP GARG-ELASTICITY OF DEMAND-REVISION EXERCISE
  1. If the price elasticity of demand for a commodity is less than unity, ...

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  2. Which one of the following statements is incorrect:

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  3. the following diagram representselastic demand for commodity X.

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  4. If the percentage increase in the quantity demanded of a commodity is ...

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  5. Price elasticity of demand is best defined as :

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  6. which of the following influence price elasticity of demand ?

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  7. A negative sign with coefficient of price elasticity of demaned denote...

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  8. A 5% fall in the price of X leads to a 10% rise in its demand. In case...

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  9. In case of there is an infinite demand at a patticular price and dema...

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  10. if a good takes up significant share of consumers' budget, it will be

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  11. If there is no change in quantity demanded to any charge in price, the...

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  12. If the demand for a good is made by a rich consumer , its demand is ge...

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  13. A firm is currently selling 10,000 units of its product per month. Th...

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  14. the demand for meals at a medium- priced restaurant is elastic. If the...

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  15. With incease in price of burgers by 22% , its deamand falls by 25%. Th...

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  16. Which of the following diagram correctly depicts the situation of Less...

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  17. Among the following demand curves, which one is more elastic ?

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  18. If a commodity has large number of subsitutes, then its demand curve w...

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  19. Price Elasticity of Demand of a good is (-) 3 it shows that:

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  20. The Indian Government imposed heavy taxes on commodity to reduce its c...

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