As a result of a fall in the price total expenditure on the commodity decreases, the coefficient of elasticity will be:

Question:

As a result of a fall in the price total expenditure on the commodity decreases, the coefficient of elasticity will be:

A.

Equal to one

B.

Greater than one

C.

Less than one

D.

Cannot say

Answer» c. Less than one

Note: The above multiple-choice question is for all general and Competitive Exams in India

One of the classifications of time series is that they can be either

Question:

One of the classifications of time series is that they can be either

A.

categorical or ordinal

B.

stationary or non-stationary

C.

inflationary or non-inflationary

D.

increasing or decreasing

Answer» b. stationary or non-stationary

Note: The above multiple-choice question is for all general and Competitive Exams in India