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प्रश्न
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
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उत्तर
Picture 1: Perfectly elastic demand ep = ∞
Picture 2: Perfect inelastic demand ep = 0
संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
With the help of a graph explain the relatively inelastic demand for a commodity.
Degrees of price elasticity of demand is of ______ types.
Which is the implication of a horizontal demand curve?
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
Identify elastic demand when value of Ed is ______.
What is unitary elastic demand? Draw a diagram to illustrate it.
Mention the degree of price elasticity of demand for the following goods:
School uniform
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
State whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for personal computers
