Mathematics · Elasticity of Demand
If a 25 percent increase in the price of a good leads to a 15 percent decrease in its quantity demanded, then the price elasticity of demand is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Equal to ∞
- 2More than 1
- 3Equal to 1
- 4Less than 1✓
Correct answer
Less than 1
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Elasticity of Demand MCQs →Want more practice questions on Elasticity of Demand?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Elasticity of Demand