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azurecod500Lv1
11 Dec 2019
Which of the following is not characteristic of the demand for a commodity that is elastic?
A. The relative change in quantity demanded is greater than the relative change in price.
B. Buyers are relatively sensitive to price changes.
C. Total revenue increases if price is increased.
D. The elasticity coefficient is greater than one
Which of the following is not characteristic of the demand for a commodity that is elastic?
A. The relative change in quantity demanded is greater than the relative change in price.
B. Buyers are relatively sensitive to price changes.
C. Total revenue increases if price is increased.
D. The elasticity coefficient is greater than one
Khushboo GoyalLv5
19 Aug 2020
