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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
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Under what conditions does the supply of good exhibit unitary elasticity?
Which is the implication of a horizontal 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 ______.
With the help of a diagram define perfectly elastic demand.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
Mention the degree of price elasticity of demand for the following goods:
School uniform
When is the demand for a commodity said to be perfectly inelastic?
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
State whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for diesel and petrol
