Advertisements
Advertisements
प्रश्न
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
उत्तर
Inelastic because the value of Ed is less than one (Ed < 1)
APPEARS IN
संबंधित प्रश्न
Degrees of price elasticity of demand is of ______ types.
In case of Ed = 0, demand curve is ______.
Mention the degree of price elasticity of demand for the following goods:
Cosmetics
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.
When is the demand of a commodity said to be inelastic?
When is the demand for a commodity said to be perfectly inelastic?
Define perfectly elastic demand.
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?
Rectangular hyperbola
A list of goods is given below. 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
