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प्रश्न
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
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उत्तर
Inelastic because the value of Ed is less than one (Ed < 1)
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संबंधित प्रश्न
Which of the following goods have inelastic demand?
In case of Ed = 0, demand curve is ______.
From the following goods, demand for which is inelastic?
With the help of a diagram define perfectly elastic demand.
Study the table given below and state whether demand is elastic or inelastic. Give reasons for your answer.
| Price in ₹ | Total outlay ₹ |
| 5 | 25 |
| 3 | 18 |
Indicate the degree of elasticity demand of the following demand curves.
When is the demand for a commodity said to be perfectly inelastic?
Define perfectly elastic demand.
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
