Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Determination of Income and Employment

Question:

What is the correct order of price elasticity of demand moving upwards on a straight line negatively sloped demand curve.

(A) $e_D=0$ when price is 0

(B) $e_D< 1$

(C) $e_D > 1$

(D) $e_D=1$

(E) $e_D= \alpha $

Choose the correct answer from the options given below :

Options:

(A), (B), (D), (C), (E)

(A), (D), (C), (B), (E)

(E), (C), (D), (B), (A)

(A), (C), (B), (D), (E)

Correct Answer:

(A), (B), (D), (C), (E)

Explanation:

The correct answer is option (1) : (A), (B), (D), (C), (E)