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B Elasticity of Demand — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsB Elasticity of Demand1 Mark
Question
Assertion (A) – Unitary elastic demand has rectangular hyberbola curve.
Reasoning (R) – 50% decrease in price, brings 50% increase in demand of a commodity.
(i) (A) is true but (R) is false.
(ii) (A) is false but (R) is true.
(iii) Both (A) and (R) are true and (R) is the correct explanation of (A).
(iv) Both (A) and (R) are true and (R) is not the correct explanation of (A).
✓

Answer

(iii) Both (A) and (R) are true and (R) is the correct explanation of (A)’.

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