ECONOMICS (CBSE/UGC NET)

ECONOMICS

ELASTICITY OF DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Ford Trucks have seen a increase in demand of 27%, while the price has decreased 15%
A
.56 inelastic
B
.56 elastic
C
1.8 inelastic
D
1.8 elastic
Explanation: 
There is 1 question to complete.