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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
Draw a diagram showing a perfectly elastic demand curve.
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- Picture 1
- Picture 2
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Which of the following goods has elastic demand?
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 ______.
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A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
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