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प्रश्न
What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is zero?
उत्तर
No change in demand
संबंधित प्रश्न
Give economic terms:
Degree of responsiveness of a change in quantity demanded of one commodity due to a change in the price of another commodity.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of another commodity is cross elasticity.
Reasoning (R): Changes in consumer income lead to a change in the quantity demanded.
Degree of responsiveness of a change in quantity demanded to a change in the income of the consumer −
Find the odd word
Types of elasticity of demand -
Identify & explain the concept from the given illustration.
At Amulya Café, the demand for tea increased by 5% due to a 10% rise in the price of coffee.
Distinguish Between
Price elasticity of demand and Income elasticity of demand
Explain the types of elasticity of demand
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers income leads to a change in the quantity demanded.
Define income elasticity of demand.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers income leads to a change in the quantity demanded.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers income leads to a change in the quantity demanded.
Assertion (A) : A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R) : Changes in consumers income leads to a change in the quantity demanded.
Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R): Changes in consumers income leads to a change in the quantity demanded.
With the help of a diagram, explain the Unitary elastic demand curve.
Why is price elasticity of demand negative?
What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is −1?
How is the price elasticity of demand of a commodity is affected by the number of its substitutes.
