Economics · Economics
When the percentage change in the quantity demanded of a commodity is equal to the percentage change in its price, what is the price elasticity of demand?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Less than one
- 2Greater than one
- 3Zero
- 4Equal to one✓
Correct answer
Equal to one
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 Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economics MCQs →Want more practice questions on Economics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economics