Advertisements
Advertisements
प्रश्न
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rolex watches
विकल्प
Elastic
Inelastic
उत्तर
Inelastic
Explanation:
Demand is inelastic because the the quantity demanded remains constant in response to changes in the price of the a commodity.
APPEARS IN
संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
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:
Matchboxes
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
A consumer postpones the purchase of a refrigerator till the off-season sale.
What is meant by unitary elastic demand?
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
Explain the different types of price elasticity of demand.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-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
