Advertisements
Advertisements
प्रश्न
What is meant by unitary elastic demand?
Advertisements
उत्तर
When the percentage change in quantity demanded is equal to the percentage change in price, then demand is said to be unitary elastic.
APPEARS IN
संबंधित प्रश्न
Mention one example of inelastic demand. Give a reason in support of your answer.
Draw a diagram showing elasticity of demand less than one.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rice in West Bengal
Select the commodities from the following which have inelastic demand:
Mention the degree of price elasticity of demand for the following goods:
Medicine
How do we determine whether the demand for a particular commodity is elastic or inelastic?
Define perfectly elastic demand.
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 school uniform
State whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for refrigerators
