Advertisements
Advertisements
प्रश्न
What is price elasticity of demand for life saving drugs?
उत्तर
Lifesaving drugs are necessities. There can be no change in the quantity demanded due to a change in their price. That is, Ed = 0. Lifesaving drugs have a perfectly inelastic demand.
APPEARS IN
संबंधित प्रश्न
With the help of a graph explain a perfectly inelastic demand curve.
In case of Ed = 0, demand curve is ______.
With the help of a diagram define perfectly elastic demand.
Select the commodities from the following which have 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.
When is the demand of a commodity said to be inelastic?
Define perfectly elastic demand.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-axis.
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 diesel and petrol
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 precious stones and costly jewellery
