If elasticity of demand for a commodity is less than one,...
If elasticity of demand for a commodity is less than one, demand is
Unitary elastic
Inelastic
Infinite elastic
Zero elastic
Correct answer is B
No explanation has been provided for this answer.
If a firm retrenches some of its factory workers its ...
An inflation which occurs as a result of increase in production cost is known as ...
Price elasticity of demand or supply measures how responsive ...
For two substitution goods, the cross elastic of demand is ...
An improvement in a country's terms of trade means that the ...
The objective of public finance is to promote ...
The monopolist power can be controlled by the government through ...
Income elasticity of demand is measurement of the responsiveness of ...