Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Question

Price of a product falls by 10% and its demand rises by 30%. The elasticity of demand is

A 10%
B 30%
C 3%
D 13%

Answer & Explanation

Answer: 3%

Advertisement
Article and Schedule Quiz Start Test!
DOWNLOAD CURRENT AFFAIRS PDF FROM APP
Assam Direct Recruitment Test Series

Teacher Eligibility Test

Assam Direct Recruitment Test Series