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प्रश्न
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rolex watches
पर्याय
Elastic
Inelastic
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उत्तर
Inelastic
Explanation:
Demand is inelastic because the the quantity demanded remains constant in response to changes in the price of the a commodity.
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| 3 | 18 |
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