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:
- Elasticity of demand is 0
- Elasticity of demand is 1
- Elasticity of demand is infinite
- The law of demand has been violated
Answer: Elasticity of demand is 1