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प्रश्न
Give two examples of unitary elastic demand.
उत्तर
- The demand for jewellery
- Designer clothes will elastic
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संबंधित प्रश्न
Find the odd word
Method of measuring price elasticity of demand -
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")`
If demand increases by 50% due to an increase in price by 75%, calculate the price elasticity of demand.
Which of the following goods have inelastic demand?
Select the commodities from the following which have inelastic demand:
When the price of a commodity falls by 80%, the quantity demanded increases by 100%. Find out its price elasticity of demand.
Ed = `100/80 = 1.25`
The price of milk rises from ₹ 26.00 to ₹ 30.00 per litre and its demand falls from four litres per day to two litres per day. Calculate the elasticity demand for milk.
With the help of a diagram, explain the condition when EP > 1.
Give two examples of inelastic demand.
