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प्रश्न
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
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उत्तर
Their demand is inelastic. Costly diamonds and jewellery are demanded by very rich persons who do not bother price change much.
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संबंधित प्रश्न
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
In case of Ed = 0, demand curve is ______.
Demand is inelastic for ______.
From the following goods, demand for which is inelastic?
Mention one example of inelastic demand. Give a reason in support of your answer.
What is unitary elastic demand? Draw a diagram to illustrate it.
Draw a diagram showing elasticity of demand less than one.
Select the commodities from the following which have inelastic demand:
When is the demand of a commodity said to be inelastic?
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
