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प्रश्न
When is the demand of a commodity said to be inelastic?
When is demand less elastic?
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उत्तर
When the percentage change in quantity demanded is less than the percentage change in price, then demand is said to be less elastic.
संबंधित 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 ______.
Draw a diagram showing elasticity of demand less than one.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rice in West Bengal
Mention the degree of price elasticity of demand for the following goods:
Cosmetics
Mention the degree of price elasticity of demand for the following goods:
School uniform
What is meant by unitary elastic demand?
When is the demand for a commodity said to be perfectly inelastic?
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
State whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for refrigerators
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
