GkSeries.com

Question

Irrespective of price, Sofia always spends Rs. 100 a week on ice cream, we conclude that

[A] Elasticity of demand is 0
[B] Elasticity of demand is 1
[C] Elasticity of demand is infinite
[D] The law of demand has been violated
Answer & Explanation

Answer: Elasticity of demand is 1

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Please share this page

Click Here to Read more questions

Teacher Eligibility Test