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प्रश्न
When is demand called perfectly inelastic?
उत्तर
When the demand for a good does not change with the change in the price of that good, it is said to be perfectly inelastic, i.e. Ed = 0.
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संबंधित प्रश्न
Define demand. Name the factors affecting market demand.
Any statement above demand for a good is considered complete only when the following is/are mentioned in it. ( choose the correct alternative)
a) Price of the good
b) Quantity of good
c) Period of time
d) All of the above
State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement:
There are no exceptions to the law of Demand.
Write short answer for the following question.
Explain the Law of Demand.
Write whether the following statement is True or False:
Demand for commodities depends upon various factors.
Distinguish between :
Individual demand schedule and Market demand schedule.
Fill in the blank with appropriate alternatives given in the bracket:
The law of demand states ________ relation between demand and price.
Define or explain the following concept:
Derived demand
Give reason or explain the following statement.
Demand curve slopes downward from left to right.
State whether the following statement is True or False:
Demand for luxurious goods is elastic .
In case of ______ supply curve is a vertical straight line parallel to Y-axis.
Law of demand states the ______ relationship between price and quantity demanded.
Are the concepts of demand for domestic goods and domestic demand for goods the same?
Which of the following have elastic demand?
Identify the two cost curves which start from the same point on the Y-axis.
Which of the following statements is correct with respect to the correction of Excess Demand?
Which of the following is correct?
Which of the following statements is true?
Which of the following statements is false?
Demand deposits include:
