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Important Questions

Elasticity of Demand

ICSE · Class 10 · Economic Application

Most important questions from Elasticity of Demand for ICSE Class 10 Economic Application board exam 2026. MCQs, short answer, and long answer questions with marks.

57 questions40 flashcards5 concepts

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57 Questions·
multiple choicetrue falsemultiple correct

Sample Questions

1true false
1 marks

If Ed is 1, demand is called unit elastic.

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True

When the value of Ed is 1, demand is said to be unit elastic.

2multiple choice
1 marks

Which of these is an example of elastic demand?

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Coca-Cola

Coca-Cola has elastic demand because close substitutes like Pepsi and Thums Up are available at competitive prices.

3true false
1 marks

Salt has inelastic demand because it has no close substitutes.

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True

Salt is considered a necessity and has no close substitutes, so its demand is inelastic.

4multiple choice
1 marks

Which method uses the formula Ed = lower part / upper part of the demand curve?

Show answer

Geometrical method

The geometrical or point method measures elasticity as the lower segment divided by the upper segment of the demand curve.

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Frequently Asked Questions

What are the important topics in Elasticity of Demand for ICSE Class 10 Economic Application?
Elasticity of Demand covers several key topics that are frequently asked in ICSE Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Elasticity of Demand — ICSE Class 10 Economic Application?
Understand the core concepts first, then work through the 57 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Elasticity of Demand?
There are 57 practice questions available for Elasticity of Demand. These cover multiple question types including MCQs, short answer, and long answer questions.

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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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