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प्रश्न
The coefficient of price elasticity of a good is 0.8, its demand will said to be ______.
विकल्प
elastic
inelastic
perfectly elastic
perfectly inelastic
उत्तर
The coefficient of price elasticity of a good is 0.8, its demand will said to be inelastic.
Explanation:
If the coefficient of price elasticity of a good is 0.8, its demand is said to be inelastic. This means that the percentage change in quantity demanded is less than the percentage change in price.
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संबंधित प्रश्न
Explain the Ratio or percentage method of measuring price elasticity of demand.
Complete the correlation:
______ : Straight line demand curve : : Non-linear demand curve : Curved line demand curve
If demand increases by 50% due to an increase in price by 75%, calculate the price elasticity of demand.
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The price of a commodity goes up from ₹ 26 to ₹ 30 as a result of which demand falls from 4 units to 2 units, the price elasticity of demand is ______.
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Study the table given below and state whether demand is elastic or inelastic. Give reasons for your answer.
| Price in (₹) | Total outlay (₹) |
| 5 | 25 |
| 3 | 18 |
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demand for school uniform
