Match the following columns
Column I | Column II |
a. When Ep is equal to zero | 1. Relative inelastic demand |
b. When Ep is equal to one | 2. Elastic demand |
c. When Ep is greater than one | 3. Unit elasticity |
d. When Ep is less than one | 4. Completely inelastic demand |
A. a-4, b-3, c-2, d-1
B. a-4, b-3, c-1, d-2
C. a-3, b-4, c-4, d-1
D. a-1, b-3, c-4, d-2
Answer: Option A
Related Questions on Agricultural Economics
Cost calculated for per hectare is known as
A. Cost of cultivation
B. Cost of production
C. Cost of farming
D. Fixed cost
The gross agricultural area in Rajasthan during 2011 was
A. 193.10 lakh hectares
B. 183.49 lakh hectares
C. 193.20 lakh hectares
D. 194.33 lakh hectares
A. Economic holding
B. Basic holding
C. Optimum holding
D. None of the above
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