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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
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संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
Which of the following goods has elastic demand?
With the help of a diagram define perfectly elastic demand.
Mention one example of inelastic demand. Give a reason in support of your answer.
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Rolex watches
Select the commodities from the following which have inelastic demand:
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
How do we determine whether the demand for a particular commodity is elastic or inelastic?
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
