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प्रश्न
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
उत्तर
It is inelastic because a chain smoker or someone who has a habit of smoking cigarettes cannot lessen their use even if the price rises.
संबंधित प्रश्न
With the help of a graph explain the relatively inelastic demand for a commodity.
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Degrees of price elasticity of demand is of ______ types.
Which of the following goods has elastic demand?
Draw a diagram showing elasticity of demand less than one.
How do we determine whether the demand for a particular commodity is elastic or inelastic?
What is meant by unitary elastic demand?
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-axis.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
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 electricity
