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Which economic concept is defined as the percentage change in quantity demanded for a good in response to a percentage change in its price?
Correct Answer: (a)
Official keyThis question appeared in the NPSC Prelims 2023 examination (GS). It is Question 110 out of 200 questions in this paper.
This question was part of the NPSC Prelims 2023 (GS). The NPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all NPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.