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प्रश्न
What is unitary elastic demand? Draw a diagram to illustrate it.
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उत्तर
When a proportional change in price causes an equivalent proportional change in demand. The coefficient for unitary elastic demand is 1.
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संबंधित प्रश्न
Degrees of price elasticity of demand is of ______ types.
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
From the following goods, demand for which is inelastic?
Mention the degree of price elasticity of demand for the following goods:
Cosmetics
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
When is the demand for a commodity said to be perfectly inelastic?
Explain the different types of price elasticity of demand.
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 diesel and petrol
Sate whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for precious stones and costly jewellery
