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प्रश्न
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for diesel and petrol
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उत्तर
Demand for diesel/petrol will be inelastic as its substitutes are not available.
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संबंधित प्रश्न
Under what conditions does the supply of good exhibit unitary elasticity?
With the help of a graph explain a perfectly inelastic demand curve.
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Cosmetics
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