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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 of the following goods have inelastic demand?
From the following goods, demand for which is inelastic?
With the help of a diagram define perfectly elastic demand.
What is unitary elastic demand? Draw a diagram to illustrate it.
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
A consumer postpones the purchase of a refrigerator till the off-season sale.
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 |
How do we determine whether the demand for a particular commodity is elastic or inelastic?
Define perfectly elastic demand.
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
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 electricity
