Question:medium
What will be the elasticity of demand for the given commodity as shown in the picture?
What will be the elasticity of demand for the given commodity as shown in the picture?
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Inelastic goods, like salt, have a low price elasticity of demand because they are necessities and have few substitutes.
Updated On: Mar 31, 2026
- Elastic
- Unit elastic
- Inelastic
- Perfectly elastic
Show Solution
The Correct Option is C
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