If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is:

CA Foundation · Business Economics · MTP · September 2024
If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is:
(A) A. >1
(B) B. = 1
(C) C. < 1
(D) D. 0

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. 0

Topics: Theory of Demand and Supply

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