Advertisements
Advertisements
प्रश्न
A product's demand is ______ when the time period under consideration is longer.
पर्याय
Less elastic
More elastic
Perfectly elastic
Perfectly inelastic
Advertisements
उत्तर
A product's demand is more elastic when the time period under consideration is longer.
APPEARS IN
संबंधित प्रश्न
Which is the implication of a horizontal demand curve?
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 ______.
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:
Rolex watches
Mention the degree of price elasticity of demand for the following goods:
Medicine
What is meant by unitary elastic demand?
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
What is price elasticity of demand for life saving drugs?
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
Explain the different types of price elasticity of demand.
