Advertisements
Advertisements
प्रश्न
Define perfectly elastic demand.
उत्तर
Perfectly elastic demand means that quantity demanded will increase to infinity when the price decreases and quantity demanded will fall to zero when price increases.
APPEARS IN
संबंधित प्रश्न
With the help of a graph explain the relatively inelastic demand for a commodity.
In case of Ed = 0, demand curve is ______.
Which of the following goods has elastic demand?
Demand is inelastic for ______.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Bicycles
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:
School uniform
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.
When is the demand for a commodity said to be perfectly inelastic?
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