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Question
Match the statements given under A with the correct options given under B.
| (A) | (B) |
|---|---|
| (i) When it is not possible to postpone consumption | a. Demand is Highly Elastic |
| (ii) When large number of substitutes are available | b. Demand is Perfectly Elastic |
| c. Demand is Less Elastic |
Match the Columns
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Solution
| (A) | (B) |
|---|---|
| (i) When it is not possible to postpone consumption | c. Demand is Less Elastic |
| (ii) When large number of substitutes are available | a. Demand is Highly Elastic |
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