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प्रश्न
What is meant by unitary elastic demand?
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उत्तर
When the percentage change in quantity demanded is equal to the percentage change in price, then demand is said to be unitary elastic.
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संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
Demand is inelastic for ______.
From the following goods, demand for which is inelastic?
Draw a diagram showing elasticity of demand less than one.
Mention the degree of price elasticity of demand for the following goods:
Medicine
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 |
How do we determine whether the demand for a particular commodity is elastic or inelastic?
Define perfectly elastic demand.
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
What is price elasticity of demand for life saving drugs?
