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प्रश्न
Draw a straight-line demand curve joining both the axes. Indicate the following on the demand curve.
Elasticity of demand is equal to zero
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उत्तर
A straight-line demand curve joining both the axes is shown below:
The elasticity of demand is different at different points.
`"measured by Elasticity" = "Lower segment of demand curve"/ "Upper segment of demand curve"`
The elasticity of demand is equal to zero at point A on the diagram, as the lower segment is zero.
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संबंधित प्रश्न
When does ‘increase’ in demand take place?
Explain how do the following influence demand for a good:
i. Rise in income of the consumer.
ii. Fall in prices of the related goods
Distinguish between individuals demand and market demand.
Good Y is a substitute of good X. The price of Y falls. Explain the chain of effects of this change in the market of X.
If with the rise in the price of good Y, demand for good X rises, the two goods are: (Choose the correct alternative)
a. Substitutes
b. Complements
c. Not related
d. Jointly demanded
How does change in the price of a substitute good affect the demand of the given good? Explain with the help of an example.
Fill in the blank using proper alternative given in the bracket:
Market demand is a total demand of...............buyers.
Define or explain the following concept.
Market Demand .
State with reason, whether you Agree or Disagree with the following statement.
The demand curve slopes downward from left to right.
Write explanatory notes or answer the following.
Aggregate demand
The shape of supply curve is ______
- Assertion (A): The demand curve slopes downwards.
- Reasoning (R): A fall in the price of goods increases the real income of the consumer enabling him/her to buy more.
Figures (A), (B) and (C) given below represent different types of Demand curves.
 |
 |
 |
| (A) | (B) | (C) |
What kind of goods do each of these Demand curves represent? Give a reason for each of the curves.
What does the downward slope of the demand curve indicate?
How is the market demand curve constructed from individual demand curves?
