Point Elasticity of Demand MCQs 1571 to 1575

Point Elasticity of Demand MCQs 1571 to 1575 are here. You can practice these MCQs frequently to prepare for your exams. Stay Connected for more.

Point Elasticity of Demand MCQs

  1. A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditures on the commodity to
    • Increase
    • Decrease
    • Remain unchanged
    • Any of the above
  2. An increase in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditures on the commodity to
    • Increase
    • Decrease
    • Remain unchanged
    • Any of the above
  3. If a straight-line demand curve is tangent to a curvilinear demand curve, the elasticity of the two demand curves at the point of tangency is
    • The same
    • Different
    • Can be same or different
    • It depends on the location of the point of tangency.
  4. Are elasticity gives a better estimate of point elasticity of a curvilinear demand curve as
    • The size of the are becomes smaller
    • The curvature of the demand curve over the are becomes less
    • Both of the above
    • Neither of the above
  5. If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
    • Greater than 1
    • Equal to 1
    • Smaller than 1
    • Zero

Quiz with Answers

0%

Economics 1571-1575

If you found any error, please highlight in Comments Section. Thanks

1 / 5

A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditures on the commodity to

2 / 5

An increase in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditures on the commodity to

3 / 5

If a straight-line demand curve is tangent to a curvilinear demand curve, the elasticity of the two demand curves at the point of tangency is

4 / 5

Are elasticity gives a better estimate of point elasticity of a curvilinear demand curve as

5 / 5

If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is

Your score is

0%

Please click the stars to rate the quiz

Share Quiz on Social Networks

You can share the quiz on Facebook and Twitter to invite your class-fellows and friends to attempt this quiz.

Point Elasticity of Demand MCQs

You are browsing Point Elasticity of Demand MCQs 1571 to 1575. To find other MCQs, Short Questions and Long Questions of Economics at DarsoTadrees, Click on Economics Category

Support Dars-o-Tadrees

Please remember, DarsoTadrees is offering free guidance to students and meeting its expenditures through Page Views and Google Adsense. You can support Dars-o-Tadrees by spreading DarsoTadrees and its posts on your social networks like Facebook, Twitter, etc to increase its Page Views. You can also donate some funds to support DarsoTadrees.