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प्रश्न
Select the commodities from the following which have inelastic demand:
विकल्प
Car
Textbooks
Cigarettes
Diamonds
Milk
Coal
Coke
उत्तर
Textbooks and Cigarettes
Explanation:
- Textbooks: Often considered a necessity for students, textbooks have inelastic demand because students will still need to buy them regardless of price changes.
- Cigarettes: As an addictive product, the demand for cigarettes is relatively inelastic; price changes do not significantly affect the quantity demanded.
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संबंधित प्रश्न
Ratio method: Ed = `(%Delta"Q") /(%Delta"UP")`:: ______: Ed = `("Lower segment")/ ("Upper segment")`
Complete the correlation:
Ratio method : Ed = `(%ΔQ)/(%ΔP)` :: ______ : Ed = `"Lower segment"/"Upper segment"`
Complete the correlation :
Ratio method : Ed = `(%ΔQ)/(%ΔP)` :: _____ : Ed = `"Lower segment"/"Upper segment"`
Complete the correlation:
Ratio method : Ed = `("%"\Delta"Q")/("%"\Delta"P")` :: ______ : Ed =`("Lower segment") /("Upper segment")`
Ratio method : Ed = `(%DeltaQ)/(%DeltaP)` :: ______ : Ed = `("Lower segment")/("Upper segment")`
Is the demand for the following commodities elastic or inelastic?
- Salt
- Foodgrains
- Petrol
- Needles
- Green vegetables
- Four Square cigarettes
- Water
The price of a commodity falls from ₹15 to ₹10. As a result, demand rises from 100 units to 150 units, Use the expenditure method to find the price elasticity of demand.
How do we determine whether the demand for a particular commodity is elastic or inelastic?
Give two examples of inelastic demand.
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
A consumer postpones the purchase of a refrigerator till the off-season sale.
