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Demand — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsDemand1 Mark
MCQ
In unit income elastic demand,
  • ✓
    Change of demand and change of income of consumer are proportionately equal
  • B
    Change in demand is greater than change in income of consumer
  • C
    Change in demand is less then change in income of consumer
  • D
    With change in income of consumer the demand remains unchanged
✓

Answer

Correct option: A.
Change of demand and change of income of consumer are proportionately equal

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