Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:

Which method offers elasticity of demand on different points of a straight line demand curve?

Options:

total outlay method

proportionate method

geometric method

percentage method

Correct Answer:

geometric method

Explanation:

Geometric method measures the elasticity of demand at different points on the demand curve and is also known as the Point method of measuring the elasticity of demand.