Banking System and Capital Market Questions and Answers for Competitive Exams

Home
General Knowledge
if-the-change-in-demand-for-a-commodity-is-at-a-faster-rate-than-change-in-the-price-of-the-commodity-the-demand-is

Question

If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is

A Perfectly inelastic

B Elastic

C Perfectly elastic

D Inelastic

Answer & Explanation
Answer: Option [C]

Read More Economics Solved Questions

junior administrative assistant jaa test series