Q. Identify the factor which generally keeps the price-elasticity of demand for a commodity now:
A. Variety of uses for that commodity
B. Its low price
C. Close substitutes for that commodity
D. High proportion of the consumer’s income spent on it
Answer: Its low price
| 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! |
