GkSeries.com

Banking System and Capital Market Questions and Answers for Competitive Exams

Q.

Elasticity of demand measures the responsiveness of the quantity demanded of a goods to a

[A] Change in the price of the goods
[B] Change in the price of substitutes
[C] Change in the price of the complements
[D] Change in the price of joint products

Answer & Explanation

Answer: Option [A]

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Read More Economics Solved Questions

Please share this page

Click Here to Read more questions

Teacher Eligibility Test