The elasticity of demand is greater than unity, when – McqOptions

MCQOPTIONS

1.	The elasticity of demand is greater than unity, when
A.	Percentage change in demand is equal to the percentage change in price.
B.	Percentage change in demand is more than the percentage change in price.
C.	Percentage change in demand is less than the percentage change in price.
D.	There is change in price.
Answer» C. Percentage change in demand is less than the percentage change in price.

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