Economics · Elasticity of Demand
Price elasticity of demand is defined as the ratio of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Ratio of marginal utility of two goods
- 2Change in demand due to change in consumer income
- 3Percentage change in quantity demanded to percentage change in price✓
- 4Absolute change in quantity demanded to absolute change in price
Correct answer
Percentage change in quantity demanded to percentage change in price
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
Preparing for Economics?
Practice full-length Economics 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 Economics · Elasticity of Demand