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following are the demand schedules for c...

following are the demand schedules for commodities A and B . Which one of them has more elastic demand ?

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The correct Answer is:
(Ed for A = (-) 0.5 Ed for B = (-) 1; B is more elastic )
N/a
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Knowledge Check

  • which of the following will have elastic demand ?

    A
    Matchbox
    B
    NCERT textbooks
    C
    Medicines
    D
    Air conditioners.

  • Demand for a commodity refer to :

    A
    1.quantity of the commodity demanded at a certain price during any particular period of time.
    B
    2.need for the commodity.
    C
    3.quantity demanded of that commodity.
    D
    4.demand decreases

  • Among the following demand curves, which one is more elastic ?

    A
    F
    B
    E
    C
    G
    D
    H

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    When is demand for a commodity said to be inelastic ?

    Commodity with diverse uses has generally less elastic demand.

    A fall in demand or rise in supply of a commodity :

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