If the price elasticity of demand is unit then a fall in price ?

Related Mcqs:

Which best describes a demand curve ?

A. the quantity consumers would like to buy in an ideal world B. The quantity consumers are willing to sell C. The quantity consumers are willing and able to buy at each and every income all other things unchanged D. The quantity consumers are willing and able to buy each and every price all other … Which best describes a demand curve ?Read More...

An increase in price from 25 pence to 30 pence leads to an increase in the quantity supplied from 40 units to 44 units. The price elasticity of supply is ?

A. +2 B. +0.5 C. -2 D. -0.5...

The increase in total cost when one more unit is produced is known as ?

A. marginal cost B. opportunity cost C. limited cost D. average cost...

An increase in aggregate demand if aggregate supply is totally inelastic will ?

A. increase price but not output B. increase output but not price C. increase output and price D. decrease output and price...

If the cross elasticity of demand is -2 ?

A. The products are substitutes and demand is cross price elastic B. The products are substitutes and demand is cross price inelastic C. The products are complements and demand is cross price elastic D. The products are complements and demand is cross price inelastic...