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प्रश्न
When is the demand of a commodity said to be inelastic?
उत्तर
When the percentage change in quantity demanded is less than the percentage change in price, then demand is said to be less elastic.
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संबंधित प्रश्न
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| Column I | Column II | ||
| (i) | Perfectly elastic demand | A. | Ed = 0 |
| (ii) | Perfectly inelastic demand | B. | Ed = ∞ |
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| (iv) | Relatively inelastic demand | D. | Ed > 1 |
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| Column I | Column II |
| A. Perfectly Elastic | (i) Ed = 0 |
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