Advertisements
Advertisements
प्रश्न
Sate 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
Advertisements
उत्तर
Their demand is inelastic. Costly diamonds and jewellery are demanded by very rich persons who do not bother price change much.
APPEARS IN
संबंधित प्रश्न
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Which of the following goods have inelastic demand?
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
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 ______.
With the help of a diagram define perfectly elastic demand.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Bicycles
Mention the degree of price elasticity of demand for the following goods:
School uniform
What is price elasticity of demand for life saving drugs?
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
