Advertisements
Advertisements
प्रश्न
When is the demand of a commodity said to be inelastic?
उत्तर
When the percentage change in quantity demanded is less than the percentage change in price, then demand is said to be less elastic.
APPEARS IN
संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Under what conditions does the supply of good exhibit unitary elasticity?
Which is the implication of a horizontal demand curve?
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Bicycles
How do we determine whether the demand for a particular commodity is elastic or inelastic?
What is meant by unitary elastic demand?
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
Explain the different types of price elasticity of demand.
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 electricity
