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प्रश्न
When is the demand for a commodity said to be perfectly inelastic?
What do you mean by perfectly inelastic demand?
उत्तर
When quantity demanded of a good does not change at all in response to change in its price, it is called perfectly inelastic demand.
संबंधित प्रश्न
Answer the following question.
Explain the geometric method of calculating the elasticity of supply.
Identify the type of goods having price elasticity of demand greater than 1:
Match the following:
| Column I | Column II |
| A. Perfectly Elastic | (i) Ed = 0 |
| B. Perfectly Inelastic | (ii) Ed = infinity |
| C. Highly Elastic | (iii) Ed < I |
| D. Less Elastic | (iv) Ed > I |
Draw a diagram showing a perfectly elastic demand curve.
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.
Indicate the degree of elasticity of demand of the following demand curve.
What is the price elasticity of demand for the following demand curve:
Straight line demand curve parallel to X-axis.
What is the price elasticity of demand for the following demand curve:
Straight line demand curve parallel to Y-axis.
