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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 personal computers - Economic Applications

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Question

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 personal computers

One Line Answer

Solution

Computer today is not non-essential.

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Chapter 2: Elasticity of Demand - QUESTION BANK [Page 47]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 2 Elasticity of Demand
QUESTION BANK | Q 26. (f) | Page 47
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