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

Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Degrees of price elasticity of demand is of ______ types.
From the following goods, demand for which is inelastic?
A product's demand is ______ when the time period under consideration is longer.
Draw a diagram showing elasticity of demand less than one.
Mention the degree of price elasticity of demand for the following goods:
School uniform
When is the demand of a commodity said to be inelastic?
When is the demand for a commodity said to be perfectly inelastic?
Define perfectly elastic demand.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
