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प्रश्न
Demand is inelastic for ______.
पर्याय
Luxury goods
Necessary goods
Normal goods
Substitute goods
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उत्तर
Demand is inelastic for necessary goods.
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संबंधित प्रश्न
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
When despite of no change in the price of the good, its quantity demanded increases from 10 units to 15 units, then coefficient of price elasticity will be ______.
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When is the demand of a commodity said to be inelastic?
