June 2015

1: If the demand for using the Naida express way is given by : Q = 40,000 - 2500P Where Q is the number of users (vehicles) and P is the amount of toll collected per unit who uses the express way. In light of this information which of the following is true:

A.	At P = र 6 and Q = 14,000 ; demand is price inelastic
B.	At P = र 7 and Q = 16,500 ; demand is unitary elastic
C.	At P= र4 and Q=9,500, demand is price elastic
D.	All of the above
	Answer : C Explanation : Write your comments here: Updating your Comments.. Updating your Comments.. Report Error
	Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.

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June 2015

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