If the change in the quantity demanded is proportionate to the change in price, the elasticity of demand of commodity will be _______ .

equal to one

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less than one

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greater than one

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equal to infinity

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Solution

The correct option is B equal to one
According to the types of elasticity of demand, when the change in the quantity demanded is exactly proportionate to the change in the price, the elasticity of demand will be equal to one.

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If the change in the quantity demanded is proportionate to the change in price, the elasticity of demand of commodity will be _______ .

The correct option is B equal to one According to the types of elasticity of demand, when the change in the quantity demanded is exactly proportionate to the change in the price, the elasticity of demand will be equal to one.

The correct option is B equal to one
According to the types of elasticity of demand, when the change in the quantity demanded is exactly proportionate to the change in the price, the elasticity of demand will be equal to one.