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प्रश्न
Demand is inelastic for ______.
विकल्प
Luxury goods
Necessary goods
Normal goods
Substitute goods
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उत्तर
Demand is inelastic for necessary goods.
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संबंधित प्रश्न
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.
What is unitary elastic demand? Draw a diagram to illustrate it.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rolex watches
When is the demand of a commodity said to be inelastic?
What is meant by unitary elastic demand?
When is the demand for a commodity said to be perfectly inelastic?
Explain the different types of price elasticity of demand.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
