Advertisements
Advertisements
प्रश्न
When is the demand of a commodity said to be inelastic?
When is demand less elastic?
Advertisements
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
Which of the following goods have inelastic demand?
Identify elastic demand when value of Ed is ______.
From the following goods, demand for which is inelastic?
A product's demand is ______ when the time period under consideration is longer.
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
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 |
What is meant by unitary elastic demand?
Define perfectly elastic demand.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
