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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.
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Explain the different types of price elasticity of demand.
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Demand for personal computers
