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Question Practice

Which demand scenario would yield a price elasticity of demand equal to 1?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Theory Of Consumer Behaviour
Question Bank

Which demand scenario would yi...

Single Answer MCQ
Q-00089391

Which demand scenario would yield a price elasticity of demand equal to 1?

1

Price increases lead to no change in quantity demanded

2

A price change results in a proportionate change in quantity demanded

3

Quantity demanded decreases significantly with a price increase

4

Quantity demanded remains unaffected by price changes

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