Demand for medicines is ___________ (elastic/inelastic) - Vidyadip

Question

Demand for medicines is ___________ (elastic/inelastic)

✓

Answer

inelastic

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 "Fill In The Blanks[1 Marks ]" from MICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND→MICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

An economy where all the market activities are organised through the market is called a ______.

____________ component of TC is positive even at zero level of output.

Accounting Profits = TR ____________ (Explicit Costs/Implicit Costs)

___________ refers to the maximum price of a commodity lower than equilibrium price at which the seller can legally sell their product.

A consumer demands more quantity of a commodity when price decreases because _______ becomes more than price.

When total product increases at ________, marginal product decreases but remains positive.

_________ refers to a set of indifference curves placed together in a diagram.

If MC is ____________ than AVC, then AVC rises with rise in output.

Average cost curve is ____________. (a straight line/U-shaped)

If TFC is ₹100, ____________ will be the value of TC given that production has not yet started.