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प्रश्न
With the help of a diagram define perfectly elastic demand.
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उत्तर
The demand curve runs parallel to the x-axis. A little change in price results in an indefinitely huge change in the quantity needed. The demand curve represents completely elastic demand for the commodity.
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संबंधित प्रश्न
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
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 ______.
Draw a diagram showing elasticity of demand less than one.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
Select the commodities from the following which have inelastic demand:
Mention the degree of price elasticity of demand for the following goods:
School uniform
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
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?
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
