Question Description
What is elasticity in economics?a)The ability of a material to return to its original shape after being deformedb)The responsiveness of quantity demanded or quantity supplied to a change in pricec)The measure of how easily a good can be produced and sold in the marketd)The degree of substitutability between different goodsCorrect answer is option 'B'. Can you explain this answer? for Delhi Police Constable 2025 is part of Delhi Police Constable preparation. The Question and answers have been prepared according to the Delhi Police Constable exam syllabus. Information about What is elasticity in economics?a)The ability of a material to return to its original shape after being deformedb)The responsiveness of quantity demanded or quantity supplied to a change in pricec)The measure of how easily a good can be produced and sold in the marketd)The degree of substitutability between different goodsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Delhi Police Constable 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is elasticity in economics?a)The ability of a material to return to its original shape after being deformedb)The responsiveness of quantity demanded or quantity supplied to a change in pricec)The measure of how easily a good can be produced and sold in the marketd)The degree of substitutability between different goodsCorrect answer is option 'B'. Can you explain this answer?.

Solutions for What is elasticity in economics?a)The ability of a material to return to its original shape after being deformedb)The responsiveness of quantity demanded or quantity supplied to a change in pricec)The measure of how easily a good can be produced and sold in the marketd)The degree of substitutability between different goodsCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Delhi Police Constable. Download more important topics, notes, lectures and mock test series for Delhi Police Constable Exam by signing up for free.

Here you can find the meaning of What is elasticity in economics?a)The ability of a material to return to its original shape after being deformedb)The responsiveness of quantity demanded or quantity supplied to a change in pricec)The measure of how easily a good can be produced and sold in the marketd)The degree of substitutability between different goodsCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is elasticity in economics?a)The ability of a material to return to its original shape after being deformedb)The responsiveness of quantity demanded or quantity supplied to a change in pricec)The measure of how easily a good can be produced and sold in the marketd)The degree of substitutability between different goodsCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for What is elasticity in economics?a)The ability of a material to return to its original shape after being deformedb)The responsiveness of quantity demanded or quantity supplied to a change in pricec)The measure of how easily a good can be produced and sold in the marketd)The degree of substitutability between different goodsCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of What is elasticity in economics?a)The ability of a material to return to its original shape after being deformedb)The responsiveness of quantity demanded or quantity supplied to a change in pricec)The measure of how easily a good can be produced and sold in the marketd)The degree of substitutability between different goodsCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is elasticity in economics?a)The ability of a material to return to its original shape after being deformedb)The responsiveness of quantity demanded or quantity supplied to a change in pricec)The measure of how easily a good can be produced and sold in the marketd)The degree of substitutability between different goodsCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Delhi Police Constable tests.