SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Elasticity of Demand
Elasticity of Demand Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on Elasticity of Demand Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is elasticity of demand? |  |
Ans. Elasticity of demand is a measure of how much the quantity demanded of a good or service responds to a change in price.
| 2. How is elasticity of demand calculated? | |
Ans. The formula to calculate elasticity of demand is: % change in quantity demanded / % change in price.
| 3. What does a perfectly elastic demand curve look like? | |
Ans. A perfectly elastic demand curve is horizontal, indicating that consumers are willing to buy any quantity of a good at a specific price, but none at a higher price.
| 4. Can you give an example of a product with elastic demand? | |
Ans. Yes, luxury goods like designer handbags often have elastic demand, as consumers are more likely to reduce their quantity demanded if the price increases.
| 5. How does the concept of elasticity of demand help businesses make pricing decisions? | |
Ans. Understanding the elasticity of demand helps businesses determine how much they can increase or decrease prices without significantly affecting their sales revenue.
Related Exams
About this Video
|
4.63/5 Rating |
|
Nov 05, 2024 Last updated |
Video Description: Elasticity of Demand for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Elasticity of Demand have been prepared according to the SSC CGL exam syllabus.
Information about Elasticity of Demand covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Elasticity of Demand.
Introduction of Elasticity of Demand in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Elasticity of Demand in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Elasticity of Demand Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Elasticity of Demand
Here you can find the meaning of Elasticity of Demand defined & explained in the simplest way possible.
Besides explaining types of Elasticity of Demand theory, EduRev gives you an ample number of questions to practice Elasticity of Demand tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Elasticity of Demand Video Lecture | SSC CGL Tier 2 - Study Material
,Sample Paper
,Viva Questions
,Previous Year
,Previous Year Questions with Solutions
,past year papers
,Exam
,ppt
,Elasticity of Demand Video Lecture | SSC CGL Tier 2 - Study Material
,shortcuts and tricks
,practice quizzes
,Previous Year
,study material
,Extra Questions
,Online Tests
,Objective type Questions
,MCQs
,Summary
,Free
,Online Tests
,mock tests for examination
,Online Tests
,Important questions
,Elasticity of Demand Video Lecture | SSC CGL Tier 2 - Study Material
,video lectures
,Previous Year
,Semester Notes
;
Study Elasticity of Demand on the App
Students of SSC CGL can study Elasticity of Demand alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Elasticity of Demand,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Elasticity of Demand is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup