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प्रश्न
Draw a straight-line demand curve joining both the axes. Indicate the following on the demand curve.
Elasticity of demand is equal to zero
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उत्तर
A straight-line demand curve joining both the axes is shown below:
The elasticity of demand is different at different points.
`"measured by Elasticity" = "Lower segment of demand curve"/ "Upper segment of demand curve"`
The elasticity of demand is equal to zero at point A on the diagram, as the lower segment is zero.
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संबंधित प्रश्न
When does ‘increase’ in demand take place?
Prices of other goods and demand for the given good.
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a. Substitutes
b. Complements
c. Not related
d. Jointly demanded
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What does a rightward shift of demand curve indicate?
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Market Demand .
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The demand curve slopes downward from left to right.
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There are no exceptions to the law of demand.
State with reasons whether you ‘agree’ or ‘disagree’ with the following statement.
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Statements related to decrease in demand
- It is a type of change in demand
- It takes place due to unfavourable changes in other factors like tastes, income etc.
- Price remains constant
- Demand curve shifts to the right hand side of the original demand curve
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Study the following table and answer the questions:
| Price of Ice Cream (₹) | Quantity Supplied | Market Supply | ||
| Seller A | Seller B | Seller C | (A + B + C) | |
| 50 | 0 | 2 | 5 | 7 |
| 100 | 1 | `square` | 10 | 15 |
| 150 | `square` | 6 | 15 | 23 |
| 200 | 3 | 8 | 20 | `square` |
| 250 | 4 | 10 | `square` | 39 |
Questions:
- Complete the above table.
- State whether the following statements are True or False.
(a) Market supply has a direct relation to price.
(b) As the price rises from ₹50 to ₹250, market supply rises from 7 to 39. This indicates an increase in supply.
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Questions:
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- What is the reason for the fall in demand of rice from Q0 to Q1?
Figures (A), (B) and (C) given below represent different types of Demand curves.
 |
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 |
| (A) | (B) | (C) |
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In a demand schedule, what do the X-axis and Y-axis represent when plotting the demand curve?
