Advertisements
Advertisements
प्रश्न
When can the income elasticity of demand be negative?
उत्तर
In the case of inferior goods, the income elasticity of demand is negative. It shows that as income rises, so does the demand for lower-quality goods, and vice versa.
APPEARS IN
संबंधित प्रश्न
What are the types of Elasticity of Demand.
How is price elasticity of demand affected by:
(i) Number of substitutes of available for the good.
(ii) Nature of the good.
Explain the relationship between
(i) Prices of other goods and demand for the given good.
(ii) Income of the buyers and demand for a good.
Write short answer for the following question :
Explain the Fectors Determinants of Elastacity of Demand?
State whether the following statements are True or False with reasons:
The demand of a rich person is elastic.
Under monopoly, price elasticity of demand is ______
______ refers to the effects of a change in price of commodity X on demand for commodity Y when quantity demanded.
Which of the following points are related with effective demand?
Which of the following influence price elasticity of demand?
Which of the following statement is true?
When the demand of a commodity is inelastic.
______ refers to the minimum price, fixed by the government, which is above the equilibrium price.
When price falls with rise in output, TR is ______ when MR is zero
Identify the correctly matched pair of the items in Column A to that of Column B.
| Column A | Column B |
| 1. Unitary elastic supply curve | (a) U-shaped supply curve |
| 2. Relatively elastic supply curve | (b) Vertical line parallel to Y-axis |
| 3. Perfectly elastic supply curve | (c) Horizontal line parallel to X-axis. |
| 4. Perfectly inelastic supply curve | (d) Downward sloping supply curve |
Which of the following factor affects the individual demand?
If the price of a commodity and total expenditure on that commodity change in the same direction, the price elasticity of demand will be ______.
If the price elasticity of demand for a commodity is 2 and the percentage change in price is 5, the percentage change in quantity demanded will be ______.
