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When is the demand of a commodity said to be inelastic? - Economic Applications

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प्रश्न

When is the demand of a commodity said to be inelastic?

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उत्तर

When the percentage change in quantity demanded is less than the percentage change in price, then demand is said to be less elastic.

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पाठ 2: Elasticity of Demand - QUESTION BANK [पृष्ठ ४५]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
पाठ 2 Elasticity of Demand
QUESTION BANK | Q 4. a | पृष्ठ ४५
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