Advertisements
Advertisements
प्रश्न
Which of the following goods have inelastic demand?
पर्याय
Textbooks
Air conditioners
Cars
Precious clothes
Advertisements
उत्तर
Textbooks
Explanation:
Textbooks generally have inelastic demand because they are often considered necessities for students, meaning that even if the price increases, the quantity demanded does not significantly decrease.
APPEARS IN
संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
When despite of no change in the price of the good, its quantity demanded increases from 10 units to 15 units, then coefficient of price elasticity will be ______.
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
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 |
What is price elasticity of demand for life saving drugs?
The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
Explain the different types of price elasticity of demand.
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
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 diesel and petrol
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 personal computers
