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Query about elasticity of demand curve

intelekt7 · 2016-03-09 09:40:45

hey, i had this MCQ recently in economics and the question said- if the price increases to reach a max at 5 euro and total expenditure increase, so the demand curve be a)-perfectly elastic b)-elastic c)-unit-elastic d)inelastic e)perfectly inelastic i know that the answer be either d or e and in MCQ i said e) and i would…

09-03-2016 10:40AM

#1

intelekt7

Registered Users, Registered Users 2 Posts: 3 ✭

Join Date: February 2016

Posts: 0

hey,

i had this MCQ recently in economics and the question said- if the price increases to reach a max at 5 euro and total expenditure increase, so the demand curve be
a)-perfectly elastic
b)-elastic
c)-unit-elastic
d)inelastic
e)perfectly inelastic

i know that the answer be either d or e and in MCQ i said e) and i would like to ask yous is the answer to the question d) or e), i need to know this and constantly thinking about it.

0

Comments

#2 11-03-2016 02:44PM

andrew

Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 3,373 Mod ✭✭✭✭

Join Date: July 2003

Posts: 3263

Is that the exact question? Was any more information provided? Why do you think it's d or e?

0