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प्रश्न
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.
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उत्तर
Elastic, because consumers does not need refrigerators immediately.
संबंधित प्रश्न
Degrees of price elasticity of demand is of ______ types.
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
Identify elastic demand when value of Ed is ______.
Draw a diagram showing elasticity of demand less than one.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rolex watches
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.
How do we determine whether the demand for a particular commodity is elastic or inelastic?
Define perfectly elastic demand.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
State whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for cigar by a chain smoker
