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प्रश्न
When is the demand for a commodity said to be perfectly inelastic?
What do you mean by perfectly inelastic demand?
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उत्तर
When quantity demanded of a good does not change at all in response to change in its price, it is called perfectly inelastic demand.
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संबंधित प्रश्न
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Under what conditions does the supply of good exhibit unitary elasticity?
Which of the following goods has elastic demand?
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Bicycles
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
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
State whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for personal computers
