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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
Draw a diagram showing a perfectly elastic demand curve.
Which of the following goods has elastic demand?
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:
School uniform
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Straight line demand curve parallel to X-axis.
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 electricity
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 cigar by a chain smoker
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 diesel and petrol
