Advertisements
Advertisements
प्रश्न
When despite of no change in the price of the good, its quantity demanded increases from 10 units to 15 units, then coefficient of price elasticity will be ______.
विकल्प
Less than one
Greater than one
Zero
Infinity (undefined)
Advertisements
उत्तर
When despite of no change in the price of the good, its quantity demanded increases from 10 units to 15 units, then coefficient of price elasticity will be infinity (undefined).
APPEARS IN
संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.

Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Identify elastic demand when value of Ed is ______.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
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.
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 |
When is the demand for a commodity said to be perfectly inelastic?
Explain the different types of price elasticity of demand.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
A list of goods is given below. state 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
