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Commerce · Q1205

Economics

Graduate and Post Graduate · Commerce · question 1205

Q1205

In measuring price-elasticity

A.
price is a dependent variable and quantity is an independent variable
B.
price is an independent variable and quantity is a dependent variable
Answer
C.
price and quantity both are independent variables
D.
price and quantity both are dependent variables

Answer: Option B

Solution

Answer: Option B
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