Question

001 T0 4 CuTipite) If demand is elastic 0 A, then a 1% decrease in price leads to a fall in quantity greater than 1%. B. C, 0 D, then a 1% decrease in prices leads to a rise in quantity of 1%. then a 1% decrease in price leads to a rise in quantity of greater than 1%. then a 1% decrease in price leads to a rise in quantity of less than 1%.

Answer 1

Solution -

Option B.Then a 1% decrease in price leads to a rise in quantity of 1% .is Correct Option.

Solution -

When the Demand increases when the price decreases as per law of supply and demand and demand and suppy directly proptional to the each other so in same percent increases and decreases each other so option b is correct Option