The cost of tractor decreases 10% and the demand of the tractor increases by 30%, the elasticity of demand will be
A. Inelastic
B. Constant elastic
C. Highly elastic
D. Perfectly inelastic
Answer: Option C
This Question Belongs to Agriculture >> Agricultural Economics
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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