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प्रश्न
What is meant by unitary elastic demand?
उत्तर
When the percentage change in quantity demanded is equal to the percentage change in price, then demand is said to be unitary elastic.
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संबंधित प्रश्न
Complete the correlation:
Ratio method : `"Ed"= (%\Delta"Q")/(%\Delta"P") :: "______" : "Ed" = "Lower segment"/("Upper segment"`
Complete the correlation.
Ratio method : Ed = `(% Delta "Q")/(%Delta"P"):: "______" : Ed = ("Lower segment")/("Upper segment")`
Complete the correlation:
______ : Straight line demand curve : : Non-linear demand curve : Curved line demand curve
Complete the correlation:
Ratio method : Ed = `(%DeltaQ)/(%DeltaP)` :: ______ : Ed : `"Lower segment"/"Upper segment"`
When the price of a commodity falls by 80%, the quantity demanded increases by 100%. Find out its price elasticity of demand.
Ed = `100/80 = 1.25`
With the help of a diagram, explain the condition when EP < 1.
Give two examples of inelastic 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.
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 refrigerators
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 personal computers
