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Which of the following commodities have inelastic demand: salt, a particular brand of lipstick, medicine, mobile phone, school uniform? - Economics

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प्रश्न

Which of the following commodities have inelastic demand: salt, a particular brand of lipstick, medicine, mobile phone, school uniform?

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उत्तर

Salt, medicine, and school uniform

These are essential goods, so their demand does not change significantly with a change in price.

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पाठ 4: Elasticity of Demand - TEST YOURSELF QUESTIONS [पृष्ठ ७३]

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फ्रँक Economics [English] Class 12 ISC
पाठ 4 Elasticity of Demand
TEST YOURSELF QUESTIONS | Q 25. | पृष्ठ ७३
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