Download App

Elasticity of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElasticity of Demand4 Marks
Question
Read the following statements:
State whether demand will be elastic or inelastic.
Give reasons for your answer.
(a) The demand for salt by households.
(b) A consumer prefers to postpone the purchase of a car to avail more of year ending discount.
✓

Answer

self

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "[4 marks Question-Answer]" from Elasticity of Demand→Elasticity of Demand — all question types→Economics STD 10 question papers→ICSE Board STD 10 question papers→ICSE Board question paper generator→

Similar questions

What is price elasticity of demand? How do we determine whether the demand for a particular commodity is elastic or inelastic?
→
Explain the following
(i) Internal and External debt
(ii) Productive and Unproductive debt.
→
(a) Define inflation.
(b) Explain the effects of inflation on the following:
(i) Fixed income groups
(ii) Producers
(iii) Distribution of income
→
With the help of a suitable diagram explain contraction of supply.
→
Discuss the risk bearing and decision-making functions of an entrepreneur.
→
How is the Public Distribution System helpful to the people? What was its need?
→
Explain any three evil effects of inflation on production.
→
An alert consumer is a safe consumer. Give reasons to support your answer.
→
Discuss the role of commercial banks in credit creation.
→
Explain three merits and two demerits of indirect taxes.
→