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# when the elasticity of demand for a commodity is very low it shows that the product

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## When the price elasticity of demand is low, the demand curve will be .

Click here👆to get an answer to your question ✍️ When the price elasticity of demand is low, the demand curve will be .

Question

## When the price elasticity of demand is low, the demand curve will be _______.

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## A demand curve for a product with low elasticity appears to be steeper, because the quantity demanded doesn't change much, even if prices do. Products with low price elasticity are described as being inelastic.

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## If elasticity of demand is very low it shows that the commodity is

If elasticity of demand is very low it shows that the commodity is

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If elasticity of demand is ve...

If elasticity of demand is very low it shows that the commodity is

Updated On: 27-06-2022

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का आलेख दर्शाता हो, तो

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यदि अमोनिया को गर्म किए हुए

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पर प्रवाहित किया जाता है, तो प्राप्त होता है-

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## If elasticity of demand is very low it shows that the

If elasticity of demand is very low, it shows that the commodity is a) A necessity b) A luxury c) Has little importance in total budget d) a' and 'c' above

Examveda

## If elasticity of demand is very low, it shows that the commodity is

A. A necessity B. A luxury

C. Has little importance in total budget

D. a' and 'c' above

### Solution(By Examveda Team)

If elasticity of demand is very low, it shows that the commodity is necessity and has little importance in total budget.

## Join The Discussion

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Which among the following statement is INCORRECT?

A. On a linear demand curve, all the five forms of elasticity can be depicted

B. If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection.

C. If two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves.

D. The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded.

If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to

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Mohammed 5 day ago

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