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प्रश्न
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
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उत्तर
It is inelastic because a chain smoker or someone who has a habit of smoking cigarettes cannot lessen their use even if the price rises.
संबंधित प्रश्न
With the help of a graph explain the relatively inelastic demand for a commodity.
With the help of a graph explain a perfectly inelastic demand curve.
Degrees of price elasticity of demand is of ______ types.
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 ______.
A product's demand is ______ when the time period under consideration is longer.
Mention one example of inelastic demand. Give a reason in support of your answer.
Mention the degree of price elasticity of demand for the following goods:
School uniform
How do we determine whether the demand for a particular commodity is elastic or inelastic?
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-axis.
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for school uniform
