Advertisements
Advertisements
प्रश्न
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
विकल्प
Elastic
Inelastic
उत्तर
Inelastic
Explantion:
Demand is inelastic since the item is necessary.
APPEARS IN
संबंधित प्रश्न
Which is the implication of a horizontal demand curve?
When despite of no change in the price of the good, its quantity demanded increases from 10 units to 15 units, then coefficient of price elasticity will be ______.
From the following goods, demand for which is inelastic?
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
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
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 |
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-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 diesel and petrol