When elasticity of demand is 2, the demand will be:

May 5, 2021 – by admin

Question:

When elasticity of demand is 2, the demand will be:

A.

Perfectly elastic

B.

Perfectly inelastic

C.

Relatively elastic

D.

Unit elastic

Answer» c. Relatively elastic

Note:

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