Question
In economic terms, when is a demand or supply considered
inelastic?Solution
A demand or supply is considered inelastic when its elasticity is less than one. This indicates that the quantity demanded or supplied changes by a smaller percentage than the change in price, demonstrating low responsiveness to price variations.
How is U related to the niece of T?
J is the sister of T. T is married to D. D is the father of R. M is the son of H. T is the mother – in – law of H. D has only one son and no daughte...
Who among the following is the mother of M?
R’ is the husband of ‘Q’, ‘P’ is the daughter of ‘R’, ‘S’ is the husband of ‘P’, ‘E’ is the daughter of ‘S’. What is the r...
U is the father of N and Q. Q is the only daughter of W. N is married to O. B and C are children of N. How is W related to C ?
If ‘P × Q’ mean ‘Q is the sister of P’, ‘P + Q’ means ‘Q is the daughter of P’ , ‘P ÷ Q’ means ‘P is the wife of Q’, and ‘P-...
How is Y related to R?
How is D related to W?
How is Q related to T?
Who among the following is the mother of R?
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