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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
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उत्तर
Electricity has alternative uses; hence, its demand will be elastic.
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संबंधित प्रश्न
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
Which of the following goods has elastic demand?
From the following goods, demand for which is inelastic?
What is unitary elastic demand? Draw a diagram to illustrate it.
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:
Medicine
Mention the degree of price elasticity of demand for the following goods:
School uniform
What is meant by unitary elastic demand?
Explain the different types of price elasticity of demand.
