Advertisements
Advertisements
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.
Advertisements
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
Draw a diagram showing a perfectly elastic demand curve.
With the help of a graph explain a perfectly inelastic demand curve.
In case of Ed = 0, demand curve is ______.
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 ______.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rolex watches
Select the commodities from the following which have inelastic demand:
Indicate the degree of elasticity demand of the following demand curves.
When is the demand of a commodity said to be inelastic?
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-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 refrigerators
