Advertisements
Advertisements
प्रश्न
Which of the following goods have inelastic demand?
विकल्प
Textbooks
Air conditioners
Cars
Precious clothes
Advertisements
उत्तर
Textbooks
Explanation:
Textbooks generally have inelastic demand because they are often considered necessities for students, meaning that even if the price increases, the quantity demanded does not significantly decrease.
APPEARS IN
संबंधित प्रश्न
Under what conditions does the supply of good exhibit unitary elasticity?
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
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
Define perfectly elastic demand.
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.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
