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प्रश्न
When is the demand for a commodity said to be perfectly inelastic?
What do you mean by perfectly inelastic demand?
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उत्तर
When quantity demanded of a good does not change at all in response to change in its price, it is called perfectly inelastic demand.
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संबंधित प्रश्न
Degrees of price elasticity of demand is of ______ types.
Demand is inelastic for ______.
A product's demand is ______ when the time period under consideration is longer.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
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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.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-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.
Demand for cigar by a chain smoker
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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