Question : Elasticity is quantified by A: Geometrical Method B: Arithmetical Method
Option 1: Only A correct
Option 2: Only B correct
Option 3: Both are correct
Option 4: None of the above
Correct Answer: Only A correct
Solution : There are four methods of measuring the elasticity of demand. They are the percentage method, point method, arc method, and expenditure method. A geometric method is also called the point method of measuring elasticity. Under this method, elasticity is measured at different points on a demand curve. Hence only A is the correct answer.
Question : ______is one of the methods of measuring Elasticity of Demand? A: Total outlay method B: Percentage method
Question : If the quantity of good A required increases as the price of good B rises, then A) A and B are substitutes. B) A and B are complements.
Question : What are the major sources of human capital in a country? A: Investment in education B: Investment in health
Question : The following are the primary causes of poverty in India: A: Population Pressure B: Inadequate capital formation and infrastructure
Question : What are the three methods by which any of the queries can be created in Access:
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