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प्रश्न
What is meant by unitary elastic demand?
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उत्तर
When the percentage change in quantity demanded is equal to the percentage change in price, then demand is said to be unitary elastic.
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संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
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Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
A product's demand is ______ when the time period under consideration is longer.
Mention one example of inelastic demand. Give a reason in support of your answer.
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Rolex watches
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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 |
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Straight line demand curve parallel to X-axis.
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
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