If there is no change in quantity demanded to any charge in price, then demand is demand curve is a ________
In case of ___ there is an infinite demand at a particular price and demand becomes zero with a slight rise in price.
A 5% fall in the price of X leads to a 10% rise in its demand. In case of Good Y, a 2% rise in price leads to a 6% fall in its demand. In the given case, ____ is more elastic.
If the demand for a good is made by a rich consumer, its demand is generally:
The demand for meals at a medium-priced restaurant is elastic. If the management of the restaurant is considering raising prices, it can expect a relative:
