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प्रश्न
Mention one example of inelastic demand. Give a reason in support of your answer.
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उत्तर
A frequent smoker's appetite for cigarettes is an example of inelastic demand because he cannot stop his usage even as the price rises.
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संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
Demand is inelastic for ______.
A product's demand is ______ when the time period under consideration is longer.
With the help of a diagram define perfectly elastic demand.
What is unitary elastic demand? Draw a diagram to illustrate it.
Mention the degree of price elasticity of demand for the following goods:
Medicine
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.
Study the table given below and state whether demand is elastic or inelastic. Give reasons for your answer.
| Price in ₹ | Total outlay ₹ |
| 5 | 25 |
| 3 | 18 |
What is meant by unitary elastic demand?
