Q.
1

Statement I : On every point on the straight line demand curve, the point elasticities are all equal

Statement II : On every point on the rectangular hyperbola shaped demand curve, the point elasticities are not equal

Select the correct option for those below:

 

  • A

    Both the statements are correct

     

  • B

    Both the statements are not correct

     

  • C

    Statement I is correct while statement II is incorrect

     

  • D

    Statement I is incorrect while statement II is correct