A. Relative Elasticity of demand
B. Unit Elasticity of demand
C. Price Elasticity of demand
D. Perfect Elastic demand
Correct Answer: Option C
C. Price Elasticity of demand
Explanation
Price Elasticity of demand is the degree of responsiveness of demand to changes in the price of goods or produce.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…