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Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour2 Marks
Question
Study the statements given below and state whether demand will be elastic or inelastic citing reasons for your answer:
  1. Demand for tea by a habitual coffee.
  2. A consumer postpones the purchase of a refrigerator till the off-season sale.
✓

Answer

  1. Inelastic: It becomes necessity for him.

  2. Elastic: Its purchase can be postponed.

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