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प्रश्न
A product's demand is ______ when the time period under consideration is longer.
पर्याय
Less elastic
More elastic
Perfectly elastic
Perfectly inelastic
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उत्तर
A product's demand is more elastic when the time period under consideration is longer.
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संबंधित प्रश्न
With the help of a graph explain the relatively inelastic demand for a commodity.
Under what conditions does the supply of good exhibit unitary elasticity?
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:
Rolex watches
Mention the degree of price elasticity of demand for the following goods:
Medicine
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
A consumer postpones the purchase of a refrigerator till the off-season sale.
When is the demand for a commodity said to be perfectly inelastic?
Define perfectly elastic demand.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-axis.
