Q. In case the price of a product and the total revenue from that product move in the same direction, then the demand is ____________.
- Perfectly elastic
- Inelastic
- Elastic
- Unrelated
Answer: Inelastic
Take Mock Tests
| Government Schemes Mock Test | Start Test! |
| Political Science Mock Test – 42 | Start Test |
| History Test – 190 | Start Test |
| Quantitative Aptitude Test | Start Test! | Data Interpretation - Mock Test | Start Test! |
| General Awareness - Mock Test | Start Test! |
| Reasoning Ability - Mock Test | Start Test! |
We will be happy to hear your thoughts