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प्रश्न
What is the price elasticity of demand for the following demand curve:
Rectangular hyperbola.
एका वाक्यात उत्तर
उत्तर
Ed = 1
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Degrees of Elasticity of Demand
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पाठ 2: Elasticity of Demand - QUESTION BANK [पृष्ठ ४६]
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संबंधित प्रश्न
Identify the type of goods having price elasticity of demand greater than 1:
Define the form of market which has a perfectly elastic demand curve.
Which is the implication of a horizontal demand curve?
The demand curve is vertical
What will be the value of price elasticity in this case?
Match the following:
| Column I | Column II |
| A. Goods whose close substitutes are available | (i) Perfectly elastic demand |
| B. Goods whose demand cannot be postponed | (ii) Perfectly inelastic demand |
| C. Goods whose quantity demanded does not respond to price change | (iii) Elastic demand |
| D. Goods which are perfect substitutes | (iv) Inelastic demand |
When is the demand for a commodity said to be perfectly inelastic?
When is the demand of a commodity said to be inelastic?
What is price elasticity of demand for life saving drugs?
Indicate the degree of elasticity of demand of the following demand curve.
Explain the different types of price elasticity of demand.
