Advertisements
Advertisements
प्रश्न
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Bicycles
विकल्प
Elastic
Inelastic
Advertisements
उत्तर
Elastic
Explanation:
Demand is elastic because the quantity demanded varies in response to variations in the price of bicycles.
APPEARS IN
संबंधित प्रश्न
A product's demand is ______ when the time period under consideration is longer.
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
A consumer postpones the purchase of a refrigerator till the off-season sale.
Indicate the degree of elasticity demand of the following demand curves.
Define perfectly elastic demand.
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
State whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for school uniform
Sate whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for precious stones and costly jewellery
