Ifprice of a cup of coffee increased from SR15 to SR18, and its sale dropped from 1000 units (cups of coffee) to 900, the demand for coffee is:

a.elastic

b.Inelastic

c.Unitary

d.Perfectly elastic

The increase in the price of Pizza from SR25 to SR30 results in the drop in sale of Pizza from 1000 units to 900 units. The total revenue from the sale of Pizza will

a.Increase

b.Decrease

c.remains same

d.None of the above

When we say demand is elastic, which of the following can be elasticity value?

a.1 (one)

b. <1

c. 0(zero)

d.> 1

which of the following is not a determinant of demand for Good x?

a.Price of the good x

b. Taste of the consumers who buy Good x

c. Income of the consumer

d. cost of labour used to produce Good x