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प्रश्न
Indicate the degree of elasticity of demand of the following demand curve.
उत्तर
Ed > 1
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संबंधित प्रश्न
Identify the type of goods having price elasticity of demand greater than 1:
Degrees of price elasticity of demand is of ______ types.
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity which is ______.
The demand curve is vertical
What will be the value of price elasticity in this case?
If elasticity of demand for salt is zero, and household demands 2 kg. of salt during one month when its price is ₹ 5 per kg., this household will demand the same quantity of salt even if price rises to ₹ 8 per kg.
Would the elasticity of demand in the following case be unity, less than unity or greater than unity?
A rise in the price of a commodity reduces the total expenditure.
Would the elasticity of demand in the following case be unity, less than unity or greater than unity?
A fall in the price of a commodity increases total expenditure.
Indicate the degree of elasticity of demand of the following demand curves.
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
What is the price elasticity of demand for the following demand curve:
Straight line demand curve parallel to Y-axis.
