2019 June Business Economics and Business and Commercial Knowledge

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Question : 11 of 89

Marks: +1, -0

Which of the following is correct?

Elasticity on lower segment of demand curve is greater than unity
Elasticity on upper segment of demand curve is lesser than unity
Elasticity at the middle of demand curve is equal to unity
Elasticity decreases as one move from lower part of demand curve to upper part.

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