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प्रश्न
Match the following:
| Column I | Column II |
| A. Goods whose close substitutes are available | (i) Perfectly elastic demand |
| B. Goods whose demand cannot be postponed | (ii) Perfectly inelastic demand |
| C. Goods whose quantity demanded does not respond to price change | (iii) Elastic demand |
| D. Goods which are perfect substitutes | (iv) Inelastic demand |
विकल्प
A. (ii) B. (iii) C. (iv) D. (i)
A. (ii) B. (i) C. (iv) D. (iii)
A (ii) B. (iii) C. (iv) D. (i)
A. (iii) B. (iv) C. (ii) D. (i)
उत्तर
A. (iii) B. (iv) C. (ii) D. (i)
Explanation:
| Column I | Column II |
| A. Goods whose close substitutes are available | (i) Perfectly elastic demand |
| B. Goods whose demand cannot be postponed | (ii) Perfectly inelastic demand |
| C. Goods whose quantity demanded does not respond to price change | (iii) Elastic demand |
| D. Goods which are perfect substitutes | (iv) Inelastic demand |
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संबंधित प्रश्न
Identify the type of goods having price elasticity of demand greater than 1:
The demand curve is vertical
What will be the value of price elasticity in this case?
If elasticity of demand for salt is zero, and household demands 2 kg. of salt during one month when its price is ₹ 5 per kg., this household will demand the same quantity of salt even if price rises to ₹ 8 per kg.
Match the following:
| Column I | Column II |
| A. Perfectly Elastic | (i) Ed = 0 |
| B. Perfectly Inelastic | (ii) Ed = infinity |
| C. Highly Elastic | (iii) Ed < I |
| D. Less Elastic | (iv) Ed > I |
When is the demand for a commodity said to be perfectly inelastic?
Would the elasticity of demand in the following case be unity, less than unity or greater than unity?
A fall in the price of a commodity increases total expenditure.
Would the elasticity of demand in the following case be unity, less than unity or greater than unity?
A fall in the price of commodity, the total expenditure remains the same.
When is the demand of a commodity said to be inelastic?
Why is market demand curve more elastic than an individual demand curve?
What is the price elasticity of demand for the following demand curve:
Straight line demand curve parallel to Y-axis.
