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प्रश्न
Define perfectly elastic demand.
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उत्तर
Perfectly elastic demand means that quantity demanded will increase to infinity when the price decreases and quantity demanded will fall to zero when price increases.
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संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
With the help of a graph explain the relatively inelastic demand for a commodity.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
Select the commodities from the following which have inelastic demand:
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
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
Indicate the degree of elasticity demand of the following demand curves.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-axis.
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
