Advertisements
Advertisements
Question
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rice in West Bengal
Options
Elastic
Inelastic
Advertisements
Solution
Inelastic
Explantion:
Demand is inelastic because it is the state's principal food item and therefore a need.
APPEARS IN
RELATED QUESTIONS
Under what conditions does the supply of good exhibit unitary elasticity?
Demand is inelastic for ______.
With the help of a diagram define perfectly elastic demand.
Mention one example of inelastic demand. Give a reason in support of your answer.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Bicycles
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 |
Indicate the degree of elasticity demand of the following demand curves.

What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
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
