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प्रश्न
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
विकल्प
Elastic
Inelastic
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उत्तर
Inelastic
Explantion:
Demand is inelastic since the item is necessary.
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संबंधित प्रश्न
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Under what conditions does the supply of good exhibit unitary elasticity?
Which is the implication of a horizontal demand curve?
In case of Ed = 0, demand curve is ______.
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 ______.
What is unitary elastic demand? Draw a diagram to illustrate it.
Mention the degree of price elasticity of demand for the following goods:
Medicine
Explain the different types of price elasticity of demand.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
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
