Question
When price elasticity of demand is unity, the total
expenditure:Solution
In simple terms, if a commodity has unitary elastic demand, then no matter if the price increases or decreases, the total expenditure made on it remains unchanged. In the above example, the price elasticity of demand is equal to one because the total expenditure remains the same no matter if the price falls or rises.
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Nagaland : Kohima : : West Bengal : ?
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Which of the following terms will replace the question mark (?) in the given series?
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1AZ, 4DW, ____, 10JQ
Who among the following sits at extreme end of the row?
