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प्रश्न
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
पर्याय
Elastic
Inelastic
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उत्तर
Inelastic
Explantion:
Demand is inelastic since the item is necessary.
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संबंधित प्रश्न
Which of the following goods have inelastic demand?
In case of Ed = 0, demand curve is ______.
From the following goods, demand for which is inelastic?
Draw a diagram showing elasticity of demand less than one.
Select the commodities from the following which have inelastic demand:
Mention the degree of price elasticity of demand for the following goods:
Cosmetics
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
Study the table given below and state whether demand is elastic or inelastic. Give reasons for your answer.
| Price in ₹ | Total outlay ₹ |
| 5 | 25 |
| 3 | 18 |
What is meant by unitary elastic demand?
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
