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प्रश्न
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
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उत्तर
Picture 1: Perfectly elastic demand ep = ∞
Picture 2: Perfect inelastic demand ep = 0
संबंधित प्रश्न
With the help of a graph explain the relatively inelastic demand for a commodity.
Under what conditions does the supply of good exhibit unitary elasticity?
When despite of no change in the price of the good, its quantity demanded increases from 10 units to 15 units, then coefficient of price elasticity will be ______.
With the help of a diagram define perfectly elastic demand.
Mention one example of inelastic demand. Give a reason in support of your answer.
Mention the degree of price elasticity of demand for the following goods:
Cosmetics
Mention the degree of price elasticity of demand for the following goods:
Medicine
When is the demand for a commodity said to be perfectly inelastic?
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
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
