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प्रश्न
Give two examples of inelastic demand.
उत्तर
Examples: The demand for textbooks, medicines will be inelastic.
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संबंधित प्रश्न
Explain the Ratio method of measuring price elasticity of demand.
If demand increases by 50% due to an increase in price by 75%, calculate the price elasticity of demand.
The coefficient of price elasticity of a good is 0.8, its demand will said to 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 ______.
The price of a commodity falls from ₹15 to ₹10. As a result, demand rises from 100 units to 150 units, Use the expenditure method to find the price elasticity of demand.
Study the table given below and state whether demand is elastic or inelastic. Give reasons for your answer.
| Price in (₹) | Total outlay (₹) |
| 5 | 25 |
| 3 | 18 |
When % change in demand is greater than % change in price, it is a case of inelastic demand. Write true or false. Give reason.
With the help of a diagram, explain the condition when EP < 1.
State whether demand for the following goods is elastic or inelastic?
- car
- textbooks
- cigarettes
- diamonds
- milk
- seasonal vegetables
- coal
- Dawat basmati rice
- needles
- colour T.V.
Ratio method : Ed = `(%ΔQ) /(%ΔP)` ______ :: Ed = `("Lower segment")/("Upper segment")`
