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

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

  1. Elasticity of demand is 0
  2. Elasticity of demand is 1
  3. Elasticity of demand is infinite
  4. The law of demand has been violated

Answer: Elasticity of demand is 1

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

Leave a reply

Gkseries.com
Logo
Register New Account