Download App

Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour1 Mark
MCQ
On all points of rectangular hyperbola demand curve, elasticity of demand is:
  • ✓
    Equal to unity.
  • B
    Zero.
  • C
    Greater than unity.
  • D
    Less than unity.
✓

Answer

Correct option: A.
Equal to unity.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Theory of consumer behaviour→Theory of consumer behaviour — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Macro economics deals with:
→
Payment made to outsiders for their goods and services are called $.........$​​​​​​​
→
In case of diminishing returns:
→
How is law of demand expressed functionally?
→
The reason behind a rightward or outward shift of $\text{PPC}$ could be:
→
Market supply curve of perishable goods is a vertical straight line parallel to Y-axis. It happens in which of the following periods?
→
Specific quantity to be purchased against a specific price of the commodity is called:
→
The central problem in economics is that of
→
In Laspeyre’s index number, the weight pertains to
→
An increase in quantity supplied refers to a situation where the producers are willing to supply:
→