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प्रश्न
Given values of price elasticities of demand, less 'elastic' demand is ______.
विकल्प
−2
1.8
0.8
−1.5
उत्तर
Given values of price elasticities of demand, less 'elastic' demand is 0.8.
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संबंधित प्रश्न
Give economic terms:
Degree of responsiveness of a change in quantity demanded of one commodity due to a change in the price of another commodity.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of another commodity is cross elasticity.
Reasoning (R): Changes in consumer income lead to a change in the quantity demanded.
Find the odd word
Types of elasticity of demand -
Explain the types of elasticity of demand
Calculate elasticity of demand on the basis of the following data.
| Price (Rs.) | Quantity (Kg) |
| 10 | 20 |
| 20 | 15 |
- Calculate the elasticity of demand.
- Is the demand elastic or inelastic?
Read the extract given below and answer the questions.
|
The Economic Times - 2024 “Lakshadweep becomes new keyword for investors. Praveg caught shareholder’s attention as it had last month received a work order for the development of operation, maintenance and management of atleast 50 tents at Lakshadweep’s island. The resorts will also offer commercial activities like scuba diving, destination weddings, corporate functions etc. Small cap soars 43% in 3 days. It is known for its luxury resorts in tourist places. During the day the stock rallied 17% to hit an all time high of Rs. 1,187.95" |
- What commercial activities would the resorts offer?
- State the quality of a factor of production highlighted above.
- Define price elasticity of demand.
- State the doctrine of Laissez faire.
Explain any three types of price elasticity of demand with the help of diagrams.
Why is price elasticity of demand negative?
What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is −2?
What is meant by cross elasticity of demand?
