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For the following list of goods state whether the demand is elastic or inelastic. Give reasons: Rice in West Bengal - Economics

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Question

For the following list of goods state whether the demand is elastic or inelastic. Give reasons:

Rice in West Bengal

Options

  • Elastic

  • Inelastic

MCQ

Solution

Inelastic

Explantion:

Demand is inelastic because it is the state's principal food item and therefore a need.

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Degrees (Or Kinds) of Price Elasticity of Demand
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Chapter 3: Elasticity of Demand - Exercise [Page 76]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 3 Elasticity of Demand
Exercise | Q 9. (iii) | Page 76
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