Advertisements
Advertisements
प्रश्न
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for diesel and petrol
Advertisements
उत्तर
Demand for diesel/petrol will be inelastic as its substitutes are not available.
APPEARS IN
संबंधित प्रश्न
Identify elastic demand when value of Ed is ______.
Demand is inelastic for ______.
A product's demand is ______ when the time period under consideration is longer.
With the help of a diagram define perfectly elastic demand.
Draw a diagram showing elasticity of demand less than one.
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
When is the demand of a commodity said to be inelastic?
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for refrigerators
