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प्रश्न
What are the degrees of price elasticity of Demand?
उत्तर
The Degrees of Price Elasticity of Demand:
- Perfectly Elastic Demand (Ep = α)
- Perfectly Inelastic Demand (Ep = 0)
- Relatively Elastic Demand (Ep >1)
- Relatively Inelastic Demand (Ep < 1)
- Unitary Elastic Demand (Ep =1).
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संबंधित प्रश्न
Demand for the commodity having multiple uses has elastic demand.
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The concept of elasticity of demand is useful in economic theory.
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Demand for basic necessities is inelastic.
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Fill in the blank with appropriate alternatives given below:
Perfectly elastic demand curve is ________________.
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Unitary Elastic Demand
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Demand for commodity having multiple uses has elastic demand.
Give reason or explain the following statement:
Demand for goods having snob appeal has elastic demand.
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Elasticity resulting from infinite change in quantity demanded.
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mention any two examples of composite demand.
Price elasticity of demand is defined as the percentage change in the quantity demanded of a commodity divided by the percentage change in the price of that commodity.
What is meant by elastic demand?
