ECONOMICS (CBSE/UGC NET)

ECONOMICS

ELASTICITY OF DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Suppose there is a 6% increase in the price of good X and a resulting 6% decrease in the quantity of X demanded. Price elasticity of demand for X is
A
0
B
1
C
6
D
36
Explanation: 
There is 1 question to complete.