Advertisements
Advertisements
प्रश्न
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rice in West Bengal
पर्याय
Elastic
Inelastic
उत्तर
Inelastic
Explantion:
Demand is inelastic because it is the state's principal food item and therefore a need.
APPEARS IN
संबंधित प्रश्न
Demand is inelastic for ______.
What is unitary elastic demand? Draw a diagram to illustrate it.
Draw a diagram showing elasticity of demand less than one.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
How do we determine whether the demand for a particular commodity is elastic or inelastic?
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-axis.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
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 personal computers
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
