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प्रश्न
Mention one example of inelastic demand. Give a reason in support of your answer.
उत्तर
A frequent smoker's appetite for cigarettes is an example of inelastic demand because he cannot stop his usage even as the price rises.
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संबंधित प्रश्न
Degrees of price elasticity of demand is of ______ types.
Identify elastic demand when value of Ed is ______.
Which of the following goods has elastic demand?
From the following goods, demand for which is inelastic?
A product's demand is ______ when the time period under consideration is longer.
Draw a diagram showing elasticity of demand less than one.
Mention the degree of price elasticity of demand for the following goods:
Cosmetics
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
Indicate the degree of elasticity demand of the following demand curves.
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 precious stones and costly jewellery
