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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
Which is the implication of a horizontal demand curve?
Demand is inelastic for ______.
Draw a diagram showing elasticity of demand less than one.
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Mention the degree of price elasticity of demand for the following goods:
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Indicate the degree of elasticity demand of the following demand curves.
When is the demand for a commodity said to be perfectly inelastic?
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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