Question : Which one is not the type of elasticity of demand?
Option 1: Price elasticity of demand
Option 2: Income elasticity of demand
Option 3: Cross elasticity of demand
Option 4: Consumer elasticity of demand
Correct Answer: Consumer elasticity of demand
Solution : Demand elasticity, income elasticity, cross elasticity, and price elasticity are the four different types of elasticity. Hence d is the correct answer.
Question : Cross-demand expresses the functional relationship between
Question : Demand price elasticity denotes:
Question : Which of the following is a macroeconomic indicator?
Question : When all other factors influencing demand are held constant, the cross elasticity of demand quantifies how much the quantity required of a good responds to changes in the .
Question : The elasticity of demand is the degree of responsiveness of demand for a commodity to a ___________.
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