Match the following: (a) For a given 10 per cent 1. e > 1 change in price, demand changes by zero per cent (b) For a given 10 per cent 2. e = 1 change in price, demand changes by 5 per cent (c) For a given 10 per cent 3. e < 1 change in price demand changes by 10 per cent (d) For a given 10 per cent 4. e = 0 change in price, demand changes by 20 per cent Codes: (a) (b) (c) (d)

Microeconomics is a branch of economics that analyzes market behavior of individuals and firms in order to understand their decision-making processes.