Advertisements
Advertisements
प्रश्न
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Bicycles
पर्याय
Elastic
Inelastic
Advertisements
उत्तर
Elastic
Explanation:
Demand is elastic because the quantity demanded varies in response to variations in the price of bicycles.
APPEARS IN
संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
With the help of a graph explain a perfectly inelastic demand curve.
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
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.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
State whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for electricity
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
