The price elasticity of demand for hamburger is:
A. the change in the quantity demanded of hamburger when the hamburger increases by 30 paise per rupee.
B. the percentage increase in the quantity demanded of hamburger when the price of hamburger falls by 1 per cent per rupee.
C. the increase in the demand for hamburger when the price of hamburger falls by 10 per cent per rupee.
D. the decrease in the quantity demanded of hamburger when the price of hamburger falls by 1 per cent per rupee.
Answer:B
The price elasticity of demand for hamburger is:
A. the change in the quantity demanded of hamburger when the hamburger increases by 30 paise per rupee. B. the percentage increase in the quantity demanded of hamburger when the price of hamburger falls by 1 per cent per rupee. C. the increase in the demand for hamburger when the price of hamburger falls by 10 per cent per rupee. D. the decrease in the quantity demanded of hamburger when the price of hamburger falls by 1 per cent per rupee.