List of top Economics Questions on The elasticity of demand and its measurement

Consider the statements I, II, and III:

Let \(e\), \(R\), and \(p\) represent own price elasticity of demand, total revenue, and price, respectively for a good. If \[ \frac{\partial R}{\partial p}<0, \] then

When Elasticity of Demand is 1 at every point on the Demand Curve, this curve is known as:

Arrange the elasticity (ed) as we move upwards along a linear demand curve_ (A) ed = 1 (B) ed =0 (C) ed =Iinfinity (D) ed\(>\)1 (E) ed \(<\) 1Choose the correct answer from the options given below :

Suppose the price elasticity of demand for a good is (-)1. At a price of ₹4 per unit, demand for the good is 40 units. Suppose the price of the good increases to ₹6 per unit, and as a result, the demand for the good will be_____

If aggregate demand exceeds aggregate supply at full employment level, the gap which occurs is known as

Price of a commodity increases. The demand is inelastic if:

Identify the Demand for foreign exchange-
A. Demand for domestic goods by foreigners
B. Purchase of financial assets of a foreign country.
C. Studying abroad
D. Transfer made by foreigners to resident
E. Import of goods
Choose the correct answer from the options given below :