Start learning →

If a 10% fall in price raises quantity demanded by 25%, demand is

Aelastic
Bperfectly inelastic
Cunit elastic
Dinelastic
Answer & Solution
Correct answer: A. elastic
Elasticity = 25/10 = 2.5 > 1, so demand is elastic.
Practise this question with Quill — CA Foundation →

Keep practising Mechanical Properties of Solids and Fluids

Browse all Mechanical Properties of Solids and Fluids questions for CA Foundation, or explore more Physics topics.

Start a Mechanical Properties of Solids and Fluids lesson →