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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 school uniform
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उत्तर
A school uniform is an essential item. So, demand for it will be inelastic.
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संबंधित प्रश्न
Under what conditions does the supply of good exhibit unitary elasticity?
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