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प्रश्न
Give two examples of unitary elastic demand.
उत्तर
- The demand for jewellery
- Designer clothes will elastic
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संबंधित प्रश्न
Find the odd word
Method of measuring price elasticity of demand -
Assertion (A): Total expenditure method measures elasticity of demand at a given point on the demand curve.
Reasoning (R): Total expenditure refers to the product of price and quantity demanded.
Complete the correlation:
Ratio method : Ed = `(%DeltaQ)/(%DeltaP)` :: ______ : Ed : `"Lower segment"/"Upper segment"`
The price of a commodity goes up from ₹ 26 to ₹ 30 as a result of which demand falls from 4 units to 2 units, the price elasticity of demand is ______.
Assertion (A): Suppose that a 2 per cent drop in the price of chocolate causes a 2 per cent increase in quantity demanded. This case is termed unit elasticity.
Reason (R): In this example, Ed is exactly 1 (or unity). Ed = `2/2=1`
The price of milk rises from ₹ 26.00 to ₹ 30.00 per litre and its demand falls from four litres per day to two litres per day. Calculate the elasticity demand for milk.
With the help of a diagram, explain the condition when Ep = 1.
What is meant by unitary elastic demand?
Arrange the following coefficients of price elasticity of demand in ascending order.
−0.87, −0.53, −31 , −0.80
From the following state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for school uniform
