Home ยป When the price of a product falls by 10% and its demand rises by 30%, then the elasticity of demand is Demand and Supply MCQs When the price of a product falls by 10% and its demand rises by 30%, then the elasticity of demand is September 27, 2022 21 Views Q. When the price of a product falls by 10% and its demand rises by 30%, then the elasticity of demand is _________. 13 3 10 30 Answer: 3
The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to
