Question

Radhika cannot postpone her demand for woollen clothes during winter season but at the same time can postpone her demand for a car. This is because her demand for woollen clothes is ______.

Options

• Elastic

• Inelastic

• Highly Elastic

• Unit Elastic

Answer 1

Radhika cannot postpone her demand for woollen clothes during winter season but at the same time can postpone her demand for a car. This is because her demand for woollen clothes is inelastic.

Explanation:

Radhika cannot delay her demand for woollen clothes during the winter season because they are essential at that time. Therefore, the demand for such goods is inelastic, as necessities cannot be postponed and usually account for only a small share of a consumer’s income.