Sail E0 Webinar
Question
Mr. Raees Ahamd bought 50 litres of petrol when his monthly income was Rs.25000. Now his monthly income has risen to Rs.50,000 and he purchases 100 litres of petrol. His income elasticity of demand for petrol is
Options:
A .  1
B .  100%
C .  Less than 1
D .  More than 1
Answer: Option A
Submit Your Solution Below and Earn Points !
Next Question

Submit Solution

Your email address will not be published. Required fields are marked *

More Questions on This Topic :


Latest Videos
Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)
Direction Sense Test Part 1 Reasoning (Hindi)
Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE
Cube & Cuboid Part 1 Reasoning (Hindi)
Data Interpretation (DI) Basic Concept Reasoning (Hindi)
Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)
Sail E0 free webinar Webinars
Real Numbers Part 7 Class 10 Maths
Real Numbers Part 1 Class 10 Maths
Polynomials Part 1 Class 10 Maths

Latest Test Papers

Chapter 3.1 : INTRODUCTION Chapter 3 : Sinter Plant SAIL E0 - GPOE/GPA 2024
Chapter 2.3 : COAL HANDLING PLANT - Set 1 Chapter 2 : Coke Ovens and Coal Chemicals SAIL E0 - GPOE/GPA 2024
Chapter 1.1 : INTRODUCTION Chapter 1 : Raw Material Handling Plant SAIL E0 - GPOE/GPA 2024
GPOE / GPA Combined 1 Free Revision Test SAIL JO E-0
DSP Combined 1 Free Revision Test SAIL JO E-0