Question : Monu's favorite college canteen food is hotdogs. The owner of the canteen raises the price of hotdogs by a factor of two. Rahul did not respond to the price increase and continued to demand the same number of hotdogs.
His demand for hotdogs is?

Option 1: Less elastic

Option 2: Elastic

Option 3: Perfectly inelastic

Option 4: Perfectly elastic

Question : If a commodity's demand remains constant despite a price increase, then its demand is:

Option 1: Highly Elastic

Option 2: Perfectly Elastic

Option 3: Perfectly Inelastic

Option 4: Less Elastic

Question : If the price elasticity of demand is less than one, then the demand for the goods is said to be ______.

Option 1: perfectly inelastic

Option 2: inelastic

Option 3: perfectly elastic

Option 4: unitary elastic

Question : When the price elasticity of demand is less than 1, the demand is:

Option 1: Inelastic

Option 2: Unitary elastic

Option 3: Perfectly elastic

Option 4: Elastic

Question : If the price elasticity of demand for a good is less than 1, the demand is:

Option 1: Elastic.

Option 2: Inelastic.

Option 3: Unit elastic.

Option 4: Perfectly elastic.

Question : When the demanded quantity of a commodity does not respond to price changes, the demand for that commodity is?

Option 1: Elastic

Option 2: Inelastic

Option 3: Perfectly inelastic

Option 4: Unit elastic