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Fill in the Blank Using Proper Alternatives Given in the Bracket:Demand for Salt is ............... - Economics

MCQ

Fill in the blank using proper alternatives given in the bracket:

Demand for salt is ...............

Options

  • Elastic 

  • inelastic

  • infinitely elastic 

  • unitary elastic

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Solution

Demand for salt is Inelastic .

Concept: Demand
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