Solved UPSC CDS/OTA Question
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Q · Law of ElasticityMedium · 45s
Which of the following methods is used to measure elasticity of demand? 1. Percentage method 2. Total expenditure method 3. Point method Select the correct answer:
TopicLaw of Elasticity
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
All three methods are standard: percentage change, total outlay, and point elasticity.
Final Answer: Option D - 1, 2 and 3