# Point Elasticity of Demand MCQs 1571 to 1575

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## 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

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Economics 1571-1575

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

0%

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