(English Medium) ICSE Class 10 - CISCE Question Bank Solutions

Which of the following goods has elastic demand?

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 ______.

Demand is inelastic for ______.

From the following goods, demand for which is inelastic?

A product's demand is ______ when the time period under consideration is longer.

With the help of a diagram define perfectly elastic demand.

Mention one example of inelastic demand. Give a reason in support of your answer.

What is unitary elastic demand? Draw a diagram to illustrate it.

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:

Bicycles

For the following list of goods state whether the demand is elastic or inelastic. Give reasons:

Matchboxes

For the following list of goods state whether the demand is elastic or inelastic. Give reasons:

Rice in West Bengal

For the following list of goods state whether the demand is elastic or inelastic. Give reasons:

Rolex watches

Select the commodities from the following which have inelastic demand:

Mention the degree of price elasticity of demand for the following goods:

Cosmetics

Mention the degree of price elasticity of demand for the following goods:

Medicine

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 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 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.