Download App

MICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND1 Mark
MCQ
The demand for goods like sugar and tea is usually:
  • A
    elastic
  • ✓
    inelastic
  • C
    perfectly elastic
  • D
    perfectly inelastic
✓

Answer

Correct option: B.
inelastic
(b)

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 MICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND→MICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

A firm's average fixed cost is $Rs.20$ at $6$ units of output. What will it be at $4$ units of output?
→
Suppose the technology for producing personal computers improves and, at the same time, individuals discover new uses for personal computers so that there is greater utilisation of personal computers. Which of the following statements/ factors will happen to equilibrium price and equilibrium quantity?
→
When $TP$ is maximum, $MP$ is:
→
A consumer consumes only two goods. If price of one of the goods falls, the indifference curve:
→
Relationship between slope and elasticity of supply is:
→
In free market economy, the allocation of resources is determined by $.........$
→
Assertion (A): Rajiv scored 57 in Mathematics, Ravi scored 98 in Statistics, Anita Scored 45 in Economics. The given data is statistical data.
Reason (R): The statistical data needs to be numerical in nature.
→
Identify the correct sequence of alternatives given in Column II by matching them with respective items in Column I:
Column IColumn II
A. Elasticity of demand(i) $E_d=\infty$
B. Horizontal straight line demand curve(ii) $E _d>1$
C. Perfectly inelastic demand(iii) (-) $\frac{1}{\text { Slope of demand curve }} \times \frac{P}{Q}$
D. Elastic demand(iv) Change in price causes no change in the quantity demanded
→
When $MR$ is zero, $TR$ is $......$
→
Which of the following central problem of an economy deals with the distribution of National Income?
→