Advertisements
Advertisements
प्रश्न
When % change in demand is greater than % change in price, it is a case of inelastic demand. Write true or false. Give reason.
पर्याय
True
False
उत्तर
This statement is False.
Explanation:
When % change in demand is greater %, change in price, demand will said to be elastic.
APPEARS IN
संबंधित प्रश्न
Explain the total outlay method of measuring elasticity of demand?
Find the odd word
Method of measuring price elasticity of demand -
Complete the correlation:
Ratio method : Ed = `(%Δ Q) / (% Δ P)` :: ______ : Ed = `("Lower segment")/("Upper segment")`
Complete the correlation:
Ratio method : Ed = `(%triangle"Q")/(%triangle"P")` :: _______ : Ed = `"Lower segment"/"Upper segment"`
Which of the following goods have inelastic demand?
The coefficient of price elasticity of a good is 0.8, its demand will said to be ______.
How do we determine whether the demand for a particular commodity is elastic or inelastic?
With the help of a diagram, explain the condition when EP > 1.
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 school uniform
Ratio method : Ed = `(%ΔQ) /(%ΔP)` ______ :: Ed = `("Lower segment")/("Upper segment")`