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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.
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Bicycles
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rolex watches
Mention the degree of price elasticity of demand for the following goods:
Medicine
Indicate the degree of elasticity demand of the following demand curves.
When is the demand for a commodity said to be perfectly inelastic?
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
