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Agriculture · Q504

Agricultural Economics

Graduate and Post Graduate · Agriculture · question 504

Q504

Match the following columns Column I Column II a. When Ep is equal to zero 1. Relative inelastic demand b. When Ep is equal to one 2. Elastic demand c. When Ep is greater than one 3. Unit elasticity d. When Ep is less than one 4. Completely inelastic demand

Match the following columns
Column I Column II
a. When Ep is equal to zero 1. Relative inelastic demand
b. When Ep is equal to one 2. Elastic demand
c. When Ep is greater than one 3. Unit elasticity
d. When Ep is less than one 4. Completely inelastic demand
A.
a-4, b-3, c-2, d-1
Answer
B.
a-4, b-3, c-1, d-2
C.
a-3, b-4, c-4, d-1
D.
a-1, b-3, c-4, d-2

Answer: Option A

Solution

Answer: Option A
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