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प्रश्न
When is the demand of a commodity said to be inelastic?
When is demand less elastic?
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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.
संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
With the help of a graph explain a perfectly inelastic demand curve.
Which is the implication of a horizontal demand curve?
A product's demand is ______ when the time period under consideration is longer.
Mention the degree of price elasticity of demand for the following goods:
School uniform
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 |
When is the demand for a commodity said to be perfectly inelastic?
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
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 school uniform
