MCQOPTIONS
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| 1. |
Which among the following statement is INCORRECT? |
| A. | On a linear demand curve, all the five forms of elasticity can be depicted’ |
| B. | If two demand curves are linear and intersecting each other then coefficient of elasticity would be same on different demand curves at the point of intersection. |
| C. | If two demand curves are linear, and parallel to each other then at a particular price the coefficient of elasticity would be different on different demand curves. |
| D. | The price elasticity of demand is expressed in terms of relative not absolute, changes in Price and quantity demanded’ |
| Answer» C. If two demand curves are linear, and parallel to each other then at a particular price the coefficient of elasticity would be different on different demand curves. | |