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प्रश्न
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.
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उत्तर
It is inelastic because a chain smoker or someone who has a habit of smoking cigarettes cannot lessen their use even if the price rises.
संबंधित प्रश्न
Degrees of price elasticity of demand is of ______ types.
Which of the following goods have inelastic demand?
Identify elastic demand when value of Ed is ______.
From the following goods, demand for which is inelastic?
With the help of a diagram define perfectly elastic demand.
Draw a diagram showing elasticity of demand less than one.
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.
Define perfectly elastic demand.
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
