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प्रश्न
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 cigar by a chain smoker
उत्तर
It is a habitual necessity for the chain smoker. Hence, demand for cigar will be inelastic
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संबंधित प्रश्न
Complete the correlation:
______ : Straight line demand curve : : Non-linear demand curve : Curved line demand curve
Complete the correlation:
Ratio method : Ed = `(%DeltaQ)/(%DeltaP)` :: ______ : Ed : `"Lower segment"/"Upper segment"`
Complete the correlation :
Ratio method : Ed = `(%ΔQ)/(%ΔP)` :: _____ : Ed = `"Lower segment"/"Upper segment"`
Which of the following goods have inelastic demand?
When is the demand for a commodity is said to be elastic?
State the formula for calculating the price elasticity of demand using the percentage method.
How do we determine whether the demand for a particular commodity is elastic or inelastic?
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
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 personal computers
