If the price elasticity of demand (ep) is equal to 1, the demand is described as:

Match the Income Elasticity of Demand (Ey) ranges in LIST-I with their corresponding categories of goods in LIST-II: LIST-I A. Negative (Ey 1) C. Positive and less than 1 (0 < Ey < 1) D. Zero (Ey = 0) LIST-II I. Luxury Goods II. Neutral Goods III. Inferior Goods IV. Normal Goods / Necessities Choose the correct answer from the options given below:

Arrange the following degrees of price elasticity of demand in increasing order of their numerical coefficients (from 0 to ∞): A. Relatively Inelastic B. Perfectly Elastic C. Unitary Elastic D. Relatively Elastic E. Perfectly Inelastic Choose the correct answer from the options given below: