he elasticity coefficient for a relatively elastic or simply elastic demand curve, is" 0 1 between 0 & 1 greater than 1 4) If the price elasticity of demand for a product equals 1, as its price rises then" total revenue increases total revenue does not change quantity demanded does not change. None of the above 5) When the quantity demanded of goods is equal to the quantity supplied of those goods, then" There is a surplus There is a shortage All of the above
Subject: Manegerial economics & policy
Mcqs
3) The elasticity coefficient for a relatively elastic or simply elastic
0
1
between 0 & 1
greater than 1
4) If the
total revenue increases
total revenue does not change
quantity demanded does not change.
None of the above
5) When the quantity demanded of goods is equal to the quantity supplied of those goods, then"
There is a surplus
There is a shortage
All of the above
None of the above
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