A. | Law of variable proportion |
B. | Law of Diminishing Return |
C. | Law of proportionality |
D. | Law of Diminishing Utility |
Option: A Explanation : Click on Discuss to view users comments. |
A. | Same satisfaction |
B. | Greater satisfaction |
C. | Maximum satisfaction |
D. | Decreasing expenditure |
Option: A Explanation : Click on Discuss to view users comments. |
If price of any commodity decreased by 20% and the demand for that commodity increased by 40%, then elasticity of demand would be
A. | Perfectly elastic |
B. | Perfectly inelastic |
C. | Unit elastic |
D. | Highly elastic |
Option: D Explanation : Click on Discuss to view users comments. |