Advertisements
Advertisements
प्रश्न
What is meant by unitary elastic demand?
उत्तर
When the percentage change in quantity demanded is equal to the percentage change in price, then demand is said to be unitary elastic.
APPEARS IN
संबंधित प्रश्न
Complete the correlation:
Straight-line demand curve : Linear demand curve :: _______ : non-linear demand curve.
Assertion (A): Total expenditure method measures elasticity of demand at a given point on the demand curve.
Reasoning (R): Total expenditure refers to the product of price and quantity demanded.
Explain the Total expenditure method and Geometric method of measuring price elasticity of demand.
Explain the Ratio method of measuring price elasticity of demand.
Complete the correlation:
Ratio method : Ed = `(%ΔQ)/(%ΔP)` :: ______ : Ed = `"Lower segment"/"Upper segment"`
The coefficient of price elasticity of a good is 0.8, its demand will said to be ______.
When is the demand for a commodity is said to be elastic?
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.
With the help of a diagram, explain the condition when EP > 1.
From the following 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
