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1. Demand curve (DD) is a horizontal straight line parallel to X-axis in case of.. Índice
2. Demand curve (DD) is a vertical straight line parallel to Y-axis in case of.. 3. Demand curve (DD) is a rectangular hyperbola in case of.. 4. Demand curve (DD)
is flatter and its slope is inclined more towards X-axis, in case of.. 5. Demand curve (DD) is steeper and its slope is inclined more towards Y-axis, in case of.. ISC Commerce 12 Planning MCQs with Solved Answers Note: Answers are given below at the end. (Question 6 t0 10)ISC ECONOMICS 12 ELASTICITY OF DEMAND MCQs With Solved Answers6. When A slight or no change in the price leads to infinite changes in the quantity demanded. Demand of a commodity is said to be …….. (a) Perfectly Elastic Demand 7. when, Demand of a commodity does not change at all irrespective of any change in its price.Demand of a commodity is said to be …….. (a) Perfectly Elastic Demand 8. When the percentage change in Demand of a commodity is equal to the percentage change in price. Demand of a commodity is said to be …….. (a) Perfectly Elastic Demand 9. When percentage change in Demand of a commodity is more than the percentage change in its price. Demand of a commodity is said to be …….. (a) Perfectly Elastic Demand 10.When percentage change in Demand of a commodity is less than the percentage change in its price. Demand of a commodity is said to be …….. (a) Less Elastic Demand (Ed <1) ISC Commerce 12 Sources of Finance MCQs with Solved Answers Note: Answers are given below at the end. (Question 11 t0 15)ISC ECONOMICS 12 ELASTICITY OF DEMAND MCQs With Solved Answers 11. A negative sign with coefficient of price elasticity of demand denotes? 12. Demand for a good in less elastic when: 13. If the price elasticity of demand for a commodity is less
than unity, a decrease in price would result in: 14. Which of the following will have elasatic demand 15. Which one of the following statement is incorrect ISC Economics 12 Demand MCQs With Solved Answer Note: Answers are given below at the end. (Question 16 t0 20)ISC ECONOMICS 12 ELASTICITY OF DEMAND MCQs With Solved Answers16. The following diagram represents ______ elastic demand for commodity X
(a) Less (b) Highly (c) Unitary (d) Perfectly 17. The following diagram represents ______ elastic demand for commodity X
(a) Less (b) Highly (c) Unitary (d) Perfectly 18. The following diagram represents ______ elastic demand for commodity X
(a) Less (b) Highly (c) Unitary (d) Perfectly 19. As price of a commodity increases from ₹ 40 per unit to ₹ 50 per unit, demand falls from 200 units to 100 units. What will be the elasticity of demand (a) (-)2 20. With increase in price of Pizza by 22%, its demand falls by 25%. This indicates that demand for Pizza is: (a) Elastic ISC Commerce 12 Business Environment MCQs with Solved Answers Note: Answers are given below at the end. ISC Commerce 12 Business Environment MCQs with Solved Answers Answer – Question Number 1To 51.Answer -(a) Perfectly Elastic Demand 2.Answer -(b) Perfectly Inelastic Demand 3.Answer – (c) Unitary Elastic Demand 4.Answer – (d) Highly Elastic Demand 5.Answer – (e) Less Elastic Demand Answer – Question Number 6 To 106.Answer – (a) Perfectly Elastic Demand 7.Answer -(b) Perfectly Inelastic Demand 8.Answer -(c) Unitary Elastic Demand 9.Answer – (d) Highly Elastic Demand 10.Answer – (a) Less Elastic Demand Answer – Question Number 11 To 1511.Answer – (c) Inverse relation between price of the commodity and quantity demanded. 12.Answer – (a) Percentage change in price > Percentage change in quantity demand 13.Answer – (a) Proportionately less increase in the quantity demanded 14.Answer – (d) Air Conditioners 15.Answer – (b) Elasticity of demand can vary only between -1 and +1 Answer – Question Number 16 To 2016.Answer – (c) Highly 17.Answer -(b) Unitary 18.Answer -(d) Perfectly 19.Answer -(a) (-)2 20.Answer -(a) Elastic ISC ECONOMICS 12 ELASTICITY OF DEMAND MCQs With Solved AnswersWhen percentage change in quantity demanded is more than the percentage change in the price the demand curve is?If the percentage change in quantity demanded is greater than the percentage change in price, demand is said to be price elastic, or very responsive to price changes.
When percentage change in quantity demanded is less than the percentage change price the demand curve is?Answer and Explanation: 1) When the percentage change in the quantity demanded is less than the percentage change in price, then demand is C. inelastic.
When percentage change in quantity demanded is less than percentage change in price the demand curve is flatter steeper rectangular hyperbola horizontal?Less than unitary elastic demand (or inelastic demand) is one which the percentage change in quantity demanded is less than that of percentage change in the price. The value of coefficient of price elasticity of demand will be less than one, i.e., ed< 1. In this case the demand curve is steeper.
When percentage change in the quantity demanded is equal to percentage change in price then demand for such a commodity is said to be?Unitary Elastic Demand (Ed = 1): Demand for a commodity is said to be unitary elastic when the percentage change in quantity demanded equals the percentage change in price.
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