Advertisements
Advertisements
प्रश्न
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
Advertisements
उत्तर
Electricity has alternative uses; hence, its demand will be elastic.
APPEARS IN
संबंधित प्रश्न
With the help of a graph explain the relatively inelastic demand for a commodity.
Degrees of price elasticity of demand is of ______ types.
Which of the following goods have inelastic demand?
In case of Ed = 0, demand curve is ______.
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:
Air conditioners
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.
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?
