Let QX = 1500/Px, the elasticity of demand of the good X when its price falls from $ 8 to $ 2 per unit, will be-
CA Foundation · Business Economics · MTP · January 2025
Let QX = 1500/Px, the elasticity of demand of the good X when its price falls from $ 8 to $ 2 per unit, will be-
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. equal to one
Topics: Public Finance
Related Questions in this Topic
- Maximum price ceilings imposed on essential commodities aim to:
- Government borrowings from foreign governments and institutions:
- The concept of "crowding out" refers to:
- The Finance Bill is discussed and debated in which house of parliament?
- The difference between fiscal deficit and interest payment is: