Medium General Knowledge Class 11 Level 8

What does elastic demand mean?

लोचदार मांग का अर्थ क्या है?

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Correct Answer

A. कीमत बदलने पर मांग में अधिक बदलाव / Greater change in demand when price changes

Explanation

Step 1: Identify elasticity concept. Step 2: In elastic demand quantity demanded changes significantly compared to price change. Step 3: Remember elastic means responsive.

Step 1: elasticity concept पहचानें। Step 2: Elastic demand में price change के comparison में quantity demanded काफी बदलती है। Step 3: Elastic means responsive याद रखें।

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