Advertisements
Advertisements
प्रश्न
When is the demand for a commodity is said to be elastic?
What is meant by elastic demand?
उत्तर
When percentage change in demand is greater than the percentage change in price, demand is known as elastic demand.
संबंधित प्रश्न
Find the odd word
Method of measuring price elasticity of demand -
Explain the Ratio method of measuring price elasticity of demand.
Complete the correlation:
Ratio method : Ed = `(%Δ Q) / (% Δ P)` :: ______ : Ed = `("Lower segment")/("Upper segment")`
Ratio method : Ed = `(%DeltaQ)/(%DeltaP)` :: ______ : Ed = `("Lower segment")/("Upper segment")`
Which of the following goods have inelastic demand?
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 ______.
If the price of a commodity decreases from ₹ 70 per unit to ₹ 60 per unit and the quantity demanded remains the same, then the price elasticity of demand for that commodity will be ______.
If the percentage increase in the quantity of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is ______.
Give two examples of unitary elastic demand.
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 personal computers
