Advertisements
Advertisements
Question
Select the commodities from the following which have inelastic demand:
Options
Car
Textbooks
Cigarettes
Diamonds
Milk
Coal
Advertisements
Solution
2. Textbooks
3. Cigarettes
4. Diamonds
APPEARS IN
RELATED QUESTIONS
Draw a diagram showing a perfectly elastic demand curve.

Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Which of the following goods have inelastic demand?
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
Which of the following goods has elastic demand?
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
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.
Define perfectly elastic demand.
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 electricity
