Question : ______is one of the methods of measuring Elasticity of Demand? A: Total outlay method B: Percentage method
Option 1: Only A is correct
Option 2: Only B is correct
Option 3: Both are correct
Option 4: None of the above
Correct Answer: Both are correct
Solution : One way to gauge the elasticity of demand is by total outlay, often known as the total expenditure approach. There are four ways to calculate demand elasticity. They are the percentage method, point method, arc method, and expenditure method. Hence option c is the correct answer.
Question : Elasticity is quantified by A: Geometrical Method B: Arithmetical Method
Option 1: Only A correct
Option 2: Only B correct
Question : Which one is not the type of elasticity of demand?
Option 1: Price elasticity of demand
Option 2: Income elasticity of demand
Option 3: Cross elasticity of demand
Option 4: Consumer elasticity of demand
Question : Law of Demand is a: (a) Qualitative Statement (b) Quantitative Statement
Option 1: Only A
Option 2: Only B
Option 3: Both A and B
Question : What are the three methods by which any of the queries can be created in Access:
Option 1: (a) Wizard Method (b) Design Method (c) SQL view Method
Option 2: (a) Wizard Method (b) Simple Method (c) SQL view Method
Option 3: (a) Wizard Method (b) Simple Method (c) Summary Method
Question : The total amount of money cash, coins, and balances in bank is a part of __________.
Option 1: Demand of money
Option 2: Money supply
Option 3: Both a and b
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