Question
Economics Question on The elasticity of demand and its measurement
Arrange the following elasticities of demand in increasing order.
(A) Elastic Demand
(B) Perfectly Elastic Demand
(C) Inelastic Demand
(D) Unitary Elastic Demand
(E) Perfectly Inelastic Demand
Choose the correct answer from the options given below :
A
(E), (C), (D), (A), (B)
B
(A), (B), (C), (D), (E)
C
(B), (C), (D), (E), (A)
D
(B), (C), (D), (A), (E)
Answer
(E), (C), (D), (A), (B)
Explanation
Solution
The correct option is (A) :(E), (C), (D), (A), (B).