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प्रश्न
Draw a straight-line demand curve joining both the axes. Indicate the following on the demand curve.
Elasticity of demand is equal to zero
उत्तर
A straight-line demand curve joining both the axes is shown below:
The elasticity of demand is different at different points.
`"measured by Elasticity" = "Lower segment of demand curve"/ "Upper segment of demand curve"`
The elasticity of demand is equal to zero at point A on the diagram, as the lower segment is zero.
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संबंधित प्रश्न
Explain the law of demand with its assumptions.
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i. Rise in income of the consumer.
ii. Fall in prices of the related goods
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How does change in the price of a substitute good affect the demand of the given good? Explain with the help of an example.
What does a rightward shift of demand curve indicate?
Fill in the blank using proper alternative given in the bracket:
Market demand is a total demand of...............buyers.
State with reasons whether you ‘agree’ or ‘disagree’ with the following statement.
Demand curve slopes downward from left to right.
Assertion (A): Under exceptional cases, demand curve has a positive slope.
Reasoning (R): In exceptional cases, consumer buys more when the price of a commodity rises and buys less when the price of commodity falls.
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Assertion (A): The demand curve is downward sloping.
Reason (R): The income effect means with a fall in the price of a good, the consumer's real income or purchasing power rises and he demands more units of the good.
In case of perfect competition, AR curve is:
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- Assertion (A): The demand curve slopes downwards.
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