Which of the following best describes the demand for a necessity?
مندرجہ ذیل میں سے کون سی چیز ضرورت کی طلب کو بہتر طور پر بیان کرتی ہے؟
- It is both income and price elastic
- It is both price and income inelastic
- It is income inelastic but price elastic
- None of these
Explanation
- Necessities are basic goods required for daily life, such as food and water.
- Their demand does not change much with changes in income or price.
- People must buy them even if prices rise or income falls.
- Therefore, demand for necessities is relatively unresponsive.
- This means it is both price inelastic and income inelastic.
Last verified on 23-04-2026
Related MCQs
ایم ایف این کا مخفف کیا ہے؟
- The most favored nation
- The most favorite nation
- The most friendly nation
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
اگر مالیاتی پالیسی ٹیکس میں کمی کے ذریعے معاشی استحکام اور ترقی کو فروغ دینے کی کوشش کر رہی ہو تو یہ کس قسم کی پالیسی ہوگی؟
- Expansionary Fiscal Policy
- Restrictive Fiscal Policy
- Easy Money Policy
- Tight Money Policy
اس سوال کو وضاحت کے ساتھ پڑھیں
قدرتی بے روزگاری کی شرح کیا ہے؟
- The unemployment rate that exists when the economy is in a recession
- The unemployment rate that exists when the economy is in a boom
- The unemployment rate that exists when the economy is at full employment
- The unemployment rate that exists when the economy is in a depression
اس سوال کو وضاحت کے ساتھ پڑھیں
مانیٹری بیس کن چیزوں پر مشتمل ہوتا ہے؟
- Reserve at the Federal Reserve plus vault cash
- Deposits of member banks at the Federal reserve
- Euro-dollars and foreign deposits at the Federal Reserve
- Reserves plus currency in circulation
اس سوال کو وضاحت کے ساتھ پڑھیں
- Demand is perfectly elastic
- Demand is inelastic
- Demand is unit elastic
- Demand is elastic
اس سوال کو وضاحت کے ساتھ پڑھیں
Leave a Reply
Your email address will not be published. Required fields are marked *
