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प्रश्न
The elasticity of demand for school bag will be ______.
विकल्प
Elastic
Perfectly elastic
Unitary elastic
Inelastic
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उत्तर
The elasticity of demand for school bag will be inelastic.
Explanation: For students, school bags are a necessary item, and there aren't many alternatives. Customers are unlikely to significantly change how much they buy in reaction to price changes. As a result, the demand usually becomes inelastic.
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संबंधित प्रश्न
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Give economic term:
Elasticity resulting from infinite change in quantity demanded.
Identify the correctly matched pair from the items in Column A by matching them to the items in Column B:
| Column A | Column B | ||
| 1 | Relatively Inelastic Demand | (a) | ed > 1 |
| 2 | Relatively Elastic Demand | (b) | ed < 1 |
| 3 | Perfectly Inelastic Demand | (c) | ed = 0 |
| 4 | Perfectly Elastic Demand | (d) | ed = 1 |
Explain the term elasticity of demand.
