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For the following list of goods state whether the demand is elastic or inelastic. Give reasons: Matchboxes - Economics

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प्रश्न

For the following list of goods state whether the demand is elastic or inelastic. Give reasons:

Matchboxes

विकल्प

  • Elastic

  • Inelastic

MCQ

उत्तर

Inelastic

Explantion:

Demand is inelastic since the item is necessary.

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Degrees (Or Kinds) of Price Elasticity of Demand
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Elasticity of Demand - Exercise [पृष्ठ ७६]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 3 Elasticity of Demand
Exercise | Q 9. (ii) | पृष्ठ ७६
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