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Demand for necessaries is................

(elastic / inelastic / infinitely elastic / unitary elastic)

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Demand for necessaries is inelastic.

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Question 1.1.2 | 1 mark

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Explain, with reasons, whether you Agree or Disagree with the following statement

There are no exceptions to the Law of Demand.

	Group 'A'		Group 'B'
a.	Pen and ink	1	Quantity-price
b.	Revenue	2	Accident
c.	Insurable risk	3	Transfer income
d.	Unemployment allowance	4	Short period
e.	Reverse repo rate	5	Long period
		6	Change in demand
		7	Joint demand
		8	Quantity * price

Give reasons or Explain the following statement

Demand for habitually used goods is inelastic.

Demand curve and Supply curve.

Demand for electricity is elastic.

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Solution for question: Demand for Necessaries is concept: Demand. For the courses HSC Arts, HSC Commerce, HSC Science (Computer Science), HSC Science (Electronics), HSC Commerce (Marketing and Salesmanship), HSC Science (General)

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Solution - Demand for Necessaries is - HSC Arts 12th Board Exam - Economics

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