Advertisements
Advertisements
प्रश्न
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for cigar by a chain smoker
उत्तर
It is a habitual necessity for the chain smoker. Hence, demand for cigars will be inelastic.
APPEARS IN
संबंधित प्रश्न
With the help of a graph explain a perfectly inelastic demand curve.
Demand is inelastic for ______.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
Mention the degree of price elasticity of demand for the following goods:
Cosmetics
Indicate the degree of elasticity demand of the following demand curves.
How do we determine whether the demand for a particular commodity is elastic or inelastic?
Define perfectly elastic demand.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-axis.
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for electricity
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for personal computers
