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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
Draw a diagram showing a perfectly elastic demand curve.
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 ______.
Demand is inelastic for ______.
With the help of a diagram define perfectly elastic demand.
Mention the degree of price elasticity of demand for the following goods:
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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 price elasticity of demand for life saving drugs?
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
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 cigar by a chain smoker
