Advertisements
Advertisements
प्रश्न
Select the commodities from the following which have inelastic demand:
पर्याय
Car
Textbooks
Cigarettes
Diamonds
Milk
Coal
Coke
उत्तर
Textbooks and Cigarettes
Explanation:
- Textbooks: Often considered a necessity for students, textbooks have inelastic demand because students will still need to buy them regardless of price changes.
- Cigarettes: As an addictive product, the demand for cigarettes is relatively inelastic; price changes do not significantly affect the quantity demanded.
APPEARS IN
संबंधित प्रश्न
Explain the total outlay method of measuring elasticity of demand?
Explain the Ratio or percentage method of measuring price elasticity of demand.
Complete the correlation:
Ratio method: Ed = `(%\Delta"Q")/(%\Delta"P")`:: ______ : Ed = `("Lower segment")/("Upper segment")`
Ratio method: Ed = `(%Delta"Q") /(%Delta"UP")`:: ______: Ed = `("Lower segment")/ ("Upper segment")`
If demand increases by 50% due to an increase in price by 75%, calculate the price elasticity of demand.
Which of the following goods have inelastic demand?
State the formula for calculating the price elasticity of demand using the percentage method.
With the help of a diagram, explain the condition when EP > 1.
Give two examples of unitary elastic demand.
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.
