harish ragav (student-IPCC) (407 Points)
18 December 2012
When the total expenditure by the consumer on commodity due to change in its price remains the same; the elasticity of demand for the commodity wil (a) 0 (b) 1 (c) >1 (d) <1
pls eplain
Pratik Shah
(Assistant Manager Business Process Specialist Accounting Technician B.Com (Specialization in Accounts & Finance) & Technology Savey)
(151 Points)
Replied 24 December 2012
Elasticity of Demand will Remain "0" because There is no effect on Demand even when Price Changes. Eg. Salt "0" Inelastic
nayan
(article assistant)
(466 Points)
Replied 24 December 2012
harish ragav
(student-IPCC)
(407 Points)
Replied 24 December 2012
Cash sale Rs 50,000, Credit sales Rs 3,50,000, Sales returns 50,000 out of Rs 3,50,000. Goods costing 40,000 were sent of approval basis for 50,000 and the approval is not yet received, then the net sales are (a) 3,50,000 (b) 3,25,000 (c) 3,20,000 (d) Rs. 3,00,000
ans it pls
harish ragav
(student-IPCC)
(407 Points)
Replied 24 December 2012
| Originally posted by : Pratik Shah | ||
 |
Elasticity of Demand will Remain "0" because There is no effect on Demand even when Price Changes. Eg. Salt "0" Inelastic |
 |
For unit elastic demand (E =1) price changes do not cause any change in total expenditure. Total expenditure is the same whether price increases or decreases.
which is correct ans 1 or 0?
CAclubindia
