The following is the demand function in the small market :
Q = 50-5P
Where 'Q' denotes quantity in physical units and 'P denotes price of the commodity. At price Rs 5, the point price elasticity of demand would be:
| A. | Zero |
| B. | Equal to unity |
| C. | Highly elastic |
| D. | Highly inelastic |
Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
