A. Rs 0 per month
B. Rs 30 per month
C. Rs 40 per month
D. Either Rs 30 or Rs 40 per month because the price elasticity of demand is 1.0
Elasticity
Elasticity
A. 1.4
B. 0.66
C. 0.75
D. 2.0
A. infinite
B. Zero
C. less than 1
D. none of these
E. greater than 1
A. 1.50
B. 1.15
C. none of these
D. 0.15
E. 1.00
A. all of these answers
B. price inelastic
C. unit price elastic
D. price elastic
A. zero
B. infinite
C. one
D. unable to be determined form this information
A. substitutes
B. complements
C. necessities
D. luxuries
A. The good is luxury
B. There are a great number of substitutes for the good
C. The good is a necessity
D. The good is an inferior good
A. price elastic
B. unit price elastic
C. none of these answers
D. price inelastic
A. income inelastic
B. price inelastic
C. price elastic
D. unit price elastic
