Advertisements
Advertisements
प्रश्न
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.
उत्तर
Inelastic, because he cannot reduce the consumption of cigarettes much when price rises.
APPEARS IN
संबंधित प्रश्न
- Which method of measuring elasticity is used in above diagram? (1m)
- Mention the type of elasticity at point ‘C’? (1m)
- Find out the elasticity at point ‘D’ by applying formula (2m)
Explain the Total expenditure method and Geometric method of measuring price elasticity of demand.
Complete the correlation:
Ratio method : Ed = `("%"\Delta"Q")/("%"\Delta"P")` :: ______ : Ed =`("Lower segment") /("Upper segment")`
Which of the following goods have inelastic demand?
The coefficient of price elasticity of a good is 0.8, its demand will said to be ______.
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 ______.
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.
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 electricity
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 cigar by a chain smoker
