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प्रश्न
Mention the degree of price elasticity of demand for the following goods:
Medicine
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उत्तर
Perfectly inelastic demand
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संबंधित प्रश्न
With the help of a graph explain the relatively inelastic demand for a commodity.
Degrees of price elasticity of demand is of ______ types.
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.
Select the commodities from the following which have inelastic demand:
Mention the degree of price elasticity of demand for the following goods:
Cosmetics
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 |
When is the demand of a commodity said to be inelastic?
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
