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Elasticity of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElasticity of Demand1 Mark
MCQ
When is the demand for a good said to be elastic?
  • A
    When % change in demand is less than % change in price
  • ✓
    When % change in demand is greater than % change in price
  • C
    When absolute change in demand is greater than absolute change in price
  • D
    None of these.
✓

Answer

Correct option: B.
When % change in demand is greater than % change in price
B

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