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प्रश्न
As a result of a 5% increase in price, the demand for commodity X increases by 12%. The price elasticity of demand will be ______.
विकल्प
eD > 1
eD < 1
eD = 1
eD = ∞
उत्तर
As a result of a 5% increase in price, the demand for commodity X increases by 12%. The price elasticity of demand will be eD > 1.
APPEARS IN
संबंधित प्रश्न
Assertion (A): Total expenditure method measures elasticity of demand at a given point on the demand curve.
Reasoning (R): Total expenditure refers to the product of price and quantity demanded.
Complete the correlation:
Ratio method : `"Ed"= (%\Delta"Q")/(%\Delta"P") :: "______" : "Ed" = "Lower segment"/("Upper segment"`
Complete the correlation.
Ratio method : Ed = `(% Delta "Q")/(%Delta"P"):: "______" : Ed = ("Lower segment")/("Upper segment")`
Complete the correlation:
Ratio method : Ed = `(%triangle"Q")/(%triangle"P")` :: _______ : Ed = `"Lower segment"/"Upper segment"`
Complete the correlation:
Ratio method : Ed = `("%"\Delta"Q")/("%"\Delta"P")` :: ______ : Ed =`("Lower segment") /("Upper segment")`
Which of the following goods have inelastic demand?
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 |
Give two examples of inelastic demand.
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.
From the following state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for diesel and petrol
