Advertisements
Advertisements
प्रश्न
What is the price elasticity of demand for the following demand curve:
Straight line demand curve parallel to X-axis.
उत्तर
Ed = ∝
APPEARS IN
संबंधित प्रश्न
Degrees of price elasticity of demand is of ______ types.
If elasticity of demand for salt is zero, and household demands 2 kg. of salt during one month when its price is ₹ 5 per kg., this household will demand the same quantity of salt even if price rises to ₹ 8 per kg.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | A. | Ed = 0 |
| (ii) | Perfectly inelastic demand | B. | Ed = ∞ |
| (iii) | Relatively elastic demand | C. | Ed < 1 |
| (iv) | Relatively inelastic demand | D. | Ed > 1 |
Would the elasticity of demand in the following case be unity, less than unity or greater than unity?
A rise in the price of a commodity increases total expenditure.
Draw a diagram showing a perfectly elastic demand curve.
Draw a diagram showing the Elasticity of demand less than one.
For each of the following, state whether it has inelastic demand or elastic demand:
- Luxury cars
- Life saving drugs
- Salt
- English textbook of class X
Indicate the degree of elasticity of demand of the following demand curves.
Why is market demand curve more elastic than an individual demand curve?
Indicate the degree of elasticity of demand of the following demand curve.
