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प्रश्न
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.
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उत्तर
Elastic, because consumers does not need refrigerators immediately.
संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
Demand is inelastic for ______.
Draw a diagram showing elasticity of demand less than one.
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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 |
Indicate the degree of elasticity demand of the following demand curves.
What is meant by unitary elastic demand?
What is the price elasticity of demand for the following demand curve?
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State whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for refrigerators
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