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Commerce · Q1206

Economics

Graduate and Post Graduate · Commerce · question 1206

Q1206

Match the following: List-I List-II a. For a given 10% change in price, demand changes by 0% 1. e > 1 b. For a given 10% change in price, demand changes by 5% 2. e = 1 c. For a given 10% change in price demand changes by 10% 3. e < 1 d. For a given 10% change in price, demand changes by 20% 4. e = 0

Match the following:
List-I List-II
a. For a given 10% change in price, demand changes by 0% 1. e > 1
b. For a given 10% change in price, demand changes by 5% 2. e = 1
c. For a given 10% change in price demand changes by 10% 3. e < 1
d. For a given 10% change in price, demand changes by 20% 4. e = 0
A.
a-3, b-1, c-2, d-4
B.
a-4, b-3, c-2, d-1
Answer
C.
a-1, b-2, c-3, d-4
D.
a-2, b-3, c-1, d-4

Answer: Option B

Solution

Answer: Option B
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