{"id":93781,"date":"2025-06-01T11:57:06","date_gmt":"2025-06-01T11:57:06","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93781"},"modified":"2025-06-01T11:57:06","modified_gmt":"2025-06-01T11:57:06","slug":"the-demand-for-which-one-of-the-following-commodities-will-be-almost-p","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-demand-for-which-one-of-the-following-commodities-will-be-almost-p\/","title":{"rendered":"The demand for which one of the following commodities will be almost p"},"content":{"rendered":"

The demand for which one of the following commodities will be almost perfectly inelastic ?<\/p>\n

[amp_mcq option1=”Gold” option2=”Cars” option3=”Dining out” option4=”Basic food grains” correct=”option4″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC Combined Section Officer – 2024<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nPerfectly inelastic demand means the quantity demanded does not change at all when the price changes. Demand for basic necessities, especially staple food grains, tends to be highly inelastic because people need them for survival regardless of the price, particularly for low-income households where these form a significant portion of consumption. While demand is rarely perfectly inelastic in reality, basic food grains are the best example among the given options of a commodity with very low price elasticity of demand. Gold, cars, and dining out are generally considered luxury or discretionary items with relatively elastic demand.
\n<\/section>\n
\n– Elasticity of demand measures the responsiveness of quantity demanded to price changes.
\n– Inelastic demand: Quantity demanded changes little with price changes.
\n– Perfectly inelastic demand: Quantity demanded does not change with price changes (vertical demand curve).
\n– Necessities tend to have more inelastic demand than luxuries.
\n<\/section>\n
\nExamples of goods with highly inelastic demand include life-saving medicines, essential basic food items, and addictive substances (though the latter has ethical implications).
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The demand for which one of the following commodities will be almost perfectly inelastic ? [amp_mcq option1=”Gold” option2=”Cars” option3=”Dining out” option4=”Basic food grains” correct=”option4″] This question was previously asked in UPSC Combined Section Officer – 2024 Download PDFAttempt Online Perfectly inelastic demand means the quantity demanded does not change at all when the price changes. … <\/p>\n

Detailed SolutionThe demand for which one of the following commodities will be almost p<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090],"tags":[1103,1379,1120],"class_list":["post-93781","post","type-post","status-publish","format-standard","hentry","category-upsc-combined-section-officer","tag-1103","tag-agriculture-and-allied-sectors","tag-economic-development","no-featured-image-padding"],"yoast_head":"\nThe demand for which one of the following commodities will be almost p<\/title>\n<meta name=\"description\" content=\"Perfectly inelastic demand means the quantity demanded does not change at all when the price changes. Demand for basic necessities, especially staple food grains, tends to be highly inelastic because people need them for survival regardless of the price, particularly for low-income households where these form a significant portion of consumption. While demand is rarely perfectly inelastic in reality, basic food grains are the best example among the given options of a commodity with very low price elasticity of demand. Gold, cars, and dining out are generally considered luxury or discretionary items with relatively elastic demand. - Elasticity of demand measures the responsiveness of quantity demanded to price changes. - Inelastic demand: Quantity demanded changes little with price changes. - Perfectly inelastic demand: Quantity demanded does not change with price changes (vertical demand curve). - Necessities tend to have more inelastic demand than luxuries.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-demand-for-which-one-of-the-following-commodities-will-be-almost-p\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The demand for which one of the following commodities will be almost p\" \/>\n<meta property=\"og:description\" content=\"Perfectly inelastic demand means the quantity demanded does not change at all when the price changes. Demand for basic necessities, especially staple food grains, tends to be highly inelastic because people need them for survival regardless of the price, particularly for low-income households where these form a significant portion of consumption. While demand is rarely perfectly inelastic in reality, basic food grains are the best example among the given options of a commodity with very low price elasticity of demand. Gold, cars, and dining out are generally considered luxury or discretionary items with relatively elastic demand. - Elasticity of demand measures the responsiveness of quantity demanded to price changes. - Inelastic demand: Quantity demanded changes little with price changes. - Perfectly inelastic demand: Quantity demanded does not change with price changes (vertical demand curve). - Necessities tend to have more inelastic demand than luxuries.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/the-demand-for-which-one-of-the-following-commodities-will-be-almost-p\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:57:06+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The demand for which one of the following commodities will be almost p","description":"Perfectly inelastic demand means the quantity demanded does not change at all when the price changes. Demand for basic necessities, especially staple food grains, tends to be highly inelastic because people need them for survival regardless of the price, particularly for low-income households where these form a significant portion of consumption. While demand is rarely perfectly inelastic in reality, basic food grains are the best example among the given options of a commodity with very low price elasticity of demand. Gold, cars, and dining out are generally considered luxury or discretionary items with relatively elastic demand. - Elasticity of demand measures the responsiveness of quantity demanded to price changes. - Inelastic demand: Quantity demanded changes little with price changes. - Perfectly inelastic demand: Quantity demanded does not change with price changes (vertical demand curve). - Necessities tend to have more inelastic demand than luxuries.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/the-demand-for-which-one-of-the-following-commodities-will-be-almost-p\/","og_locale":"en_US","og_type":"article","og_title":"The demand for which one of the following commodities will be almost p","og_description":"Perfectly inelastic demand means the quantity demanded does not change at all when the price changes. 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