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प्रश्न
What are the degrees of price elasticity of Demand?
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उत्तर
The Degrees of Price Elasticity of Demand:
- Perfectly Elastic Demand (Ep = α)
- Perfectly Inelastic Demand (Ep = 0)
- Relatively Elastic Demand (Ep >1)
- Relatively Inelastic Demand (Ep < 1)
- Unitary Elastic Demand (Ep =1).
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संबंधित प्रश्न
Demand for the commodity having multiple uses has elastic demand.
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Income Elasticity of Demand
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Study the following table and answer the questions:
| Price of Pen (₹) | Demand for Pen |
| 10 | 500 |
| `square` | 400 |
| 30 | `square` |
| `square` | 200 |
| 50 | `square` |
Questions:
- Complete the above table.
- Which type of relationship is found between the price of a pen and demand for the pen?
Define elasticity of demand.
When is the demand for a good said to be elastic?
