Managerial Economics

1:

Match the following :

(A) For a given 10 percent         1. e > 1 change in price, demand changes by zero percent

(B) For a given 10 percent         2. e - 1 change in price, demand changes by 5 percent

(C) For a given 10 percent         3. e < 1 change in price, demand changes by 10 percent

(D) For a given 10 percent         4. e = 0 change in price, demand changes by 20 percent.

A.

(A) (B) (C) (D)

1    2    3    4

B.

(A) (B) (C) (D)

4    3    2    1

C.

(A) (B) (C) (D)

3    1    2    4

D.

(A) (B) (C) (D)

2    3    1    4

 

Answer : B

Explanation :

banriline kharjana said: (6:12am on Tuesday 29th May 2018)
dont understand the calculation

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Option: A

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