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प्रश्न
A product's demand is ______ when the time period under consideration is longer.
विकल्प
Less elastic
More elastic
Perfectly elastic
Perfectly inelastic
उत्तर
A product's demand is more elastic when the time period under consideration is longer.
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संबंधित प्रश्न
Which of the following goods have inelastic demand?
Demand is inelastic for ______.
Mention one example of inelastic demand. Give a reason in support of your answer.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rice in West Bengal
Mention the degree of price elasticity of demand for the following goods:
Medicine
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
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 |
When is the demand for a commodity said to be perfectly inelastic?
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
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
