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A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. demand for diesel and petrol - Economics

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प्रश्न

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

एका वाक्यात उत्तर

उत्तर

Demand for diesel/petrol will be inelastic as its substitutes are not available.

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Degrees (Or Kinds) of Price Elasticity of Demand
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Elasticity of Demand - QUESTION BANK [पृष्ठ ७९]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 3 Elasticity of Demand
QUESTION BANK | Q 25. (e) | पृष्ठ ७९
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