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प्रश्न
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
पर्याय
Elastic
Inelastic
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उत्तर
Inelastic
Explantion:
Demand is inelastic since the item is necessary.
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संबंधित प्रश्न
Under what conditions does the supply of good exhibit unitary elasticity?
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What is the price elasticity of demand for the following demand curve?
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