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Solution - Demand for the Commodity Having Multiple Uses Has Elastic Demand. - Elasticity of Demand

Questions

Demand for the commodity having multiple uses has elastic demand.

Give reasons or explain the following

Demand for the commodity having multiple uses is elastic.

Solution

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APPEARS IN

2013-2014 (March)
Question 2.2.3 | 2 marks
2015-2016 (March)
Question 2.2.3 | 2 marks
Solution for question: Demand for the Commodity Having Multiple Uses Has Elastic Demand. concept: Elasticity of Demand. For the courses HSC Arts, HSC Commerce, HSC Commerce (Marketing and Salesmanship), HSC Science (Computer Science), HSC Science (Electronics), HSC Science (General)
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