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प्रश्न
Which of the following goods have inelastic demand?
पर्याय
Textbooks
Air conditioners
Cars
Precious clothes
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उत्तर
Textbooks
Explanation:
Textbooks generally have inelastic demand because they are often considered necessities for students, meaning that even if the price increases, the quantity demanded does not significantly decrease.
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संबंधित प्रश्न
Identify elastic demand when value of Ed is ______.
A product's demand is ______ when the time period under consideration is longer.
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