If elasticity of demand for a commodity is less than one,...
If elasticity of demand for a commodity is less than one, demand is
Unitary elastic
Inelastic
Infinite elastic
Zero elastic
Correct answer is B
No explanation has been provided for this answer.
The imposition of high income tax by government to cut down demand is known as ...
A commodity is defined as normal when its demand changes in the same direction as______ ...
Commericial banks help in economic development mainly by ...
If a government is running deficit, this means ...
A market is in equilibrium when? ...
Wages are to some extent determined by the ...
Insurance companies invest mainly in instruments trade on the ...
All the following factors will cause a change in demand except ...
Under normal circumstances, the concept of consumers sovereignty implies that ...