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प्रश्न
The concept of elasticity of demand was introduced by
पर्याय
Ferguson
Keynes
Adam Smith
Marshall
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उत्तर
Marshall
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संबंधित प्रश्न
Income elasticity of demand for inferior goods is negative.
What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is (a) Zero, (b)-1, (c)-2.
When the price of good rise from Rs 10 per unit to Rs 12 per unit, its quantity demanded falls by 20 percent. Calculate its price elasticity of demand. How much would be the percentage change in its quantity demanded, if the price rises from Rs 10 per unit to Rs 13 per unit?
The measure of price elasticity of demand of a normal good carries minus sign while price elasticity of supply carries plus sign. Explain why?
A consumer spends Rs 400 on a good priced at Rs 8 per unit. When its price rises by 25 percent, the consumer spends Rs 500 on the good. Calculate the price elasticity of demand by the Percentage method.
Price elasticity of demand of a good is (-) 1. Calculate the percentage change in price that will raise the demand from 20 units to 30 units.
Define or explain the following concept.
Unitary elastic demand.
State whether the following statements are TRUE or FALSE :
The demand of foodgrains is inelastic.
Give reason or explain the following statement.
All desires are not demand.
The demand for salt is ______.
Give reason or explain the following statement:
Demand for necessaries is inelastic.
Define price elasticity of demand.
Answer the following question.
If the price of a commodity rises by 40% and its quantity demanded falls from150 units to 120 units, calculate the coefficient of price elasticity of demand for the commodity.
What are the degrees of price elasticity of Demand?
Elasticity of the demand is available when:
Identify the correctly matched pair from the items in Column A by matching them to the items in Column B:
| Column A | Column B | ||
| 1 | Relatively Inelastic Demand | (a) | ed > 1 |
| 2 | Relatively Elastic Demand | (b) | ed < 1 |
| 3 | Perfectly Inelastic Demand | (c) | ed = 0 |
| 4 | Perfectly Elastic Demand | (d) | ed = 1 |
What does elasticity of demand measure?
Which type of good typically has inelastic demand?
