Advertisements
Advertisements
प्रश्न
Mention one example of inelastic demand. Give a reason in support of your answer.
Advertisements
उत्तर
A frequent smoker's appetite for cigarettes is an example of inelastic demand because he cannot stop his usage even as the price rises.
APPEARS IN
संबंधित प्रश्न
With the help of a graph explain a perfectly inelastic demand curve.
In case of Ed = 0, demand curve is ______.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rice in West Bengal
Mention the degree of price elasticity of demand for the following goods:
Medicine
How do we determine whether the demand for a particular commodity is elastic or inelastic?
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
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 school uniform
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 diesel and petrol
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 personal computers
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 precious stones and costly jewellery
