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
Under what conditions does the supply of good exhibit unitary elasticity?
Degrees of price elasticity of demand is of ______ types.
Which of the following goods have inelastic demand?
When despite of no change in the price of the good, its quantity demanded increases from 10 units to 15 units, then coefficient of price elasticity will be ______.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
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:
School uniform
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.
What is meant by unitary elastic demand?
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for cigar by a chain smoker
