Advertisements
Advertisements
Question
From the following goods, demand for which is inelastic?
Options
Matchboxes
Rice in West Bengal
Rolex watches
Both (a) and (b)
Advertisements
Solution
Both (a) and (b)
APPEARS IN
RELATED QUESTIONS
With the help of a graph explain the relatively inelastic demand for a commodity.

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.
Which is the implication of a horizontal 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 ______.
With the help of a diagram define perfectly elastic demand.
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:
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 cigar by a chain smoker
