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प्रश्न
From the following state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for cigar by a chain smoker
एका वाक्यात उत्तर
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उत्तर
It is a habitual necessity for the chain smoker. Hence, demand for cigar will be inelastic
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