Relevant Competitive Tests:
If price consumption curve will be horizontal on x-axes then elasticity of demand will be:___________?
A. Equal to 1Correct Answer
B. Greater than 1
C. Less than 1
D. Equal to 0
Correct Option: A. Equal to 1
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The World Bank classifies countries into four groups. This classification is based upon:Automatic stabilizers are one of the __________ policy tools.Increase in supply of money will positively affect:The relationship between inflation and unemployment is represented by:Which of the following is not a component of GDP?