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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
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संबंधित प्रश्न
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
Demand is inelastic for ______.
A product's demand is ______ when the time period under consideration is longer.
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Study the table given below and state whether demand is elastic or inelastic. Give reasons for your answer.
| Price in ₹ | Total outlay ₹ |
| 5 | 25 |
| 3 | 18 |
Indicate the degree of elasticity demand of the following demand curves.
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When is the demand of a commodity said to be inelastic?
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
