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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 electricity
उत्तर
Electricity has alternative uses; hence, its demand will be elastic.
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संबंधित प्रश्न
With the help of a graph explain the relatively inelastic demand for a commodity.
Under what conditions does the supply of good exhibit unitary elasticity?
Which is the implication of a horizontal demand curve?
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
In case of Ed = 0, demand curve is ______.
What is unitary elastic demand? Draw a diagram to illustrate it.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Bicycles
Study the table given below and state whether demand is elastic or inelastic. Give reasons for your answer.
| Price in ₹ | Total outlay ₹ |
| 5 | 25 |
| 3 | 18 |
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 school uniform
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 precious stones and costly jewellery
