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Mention one example of inelastic demand. Give a reason in support of your answer. - Economics

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प्रश्न

Mention one example of inelastic demand. Give a reason in support of your answer.

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उत्तर

A frequent smoker's appetite for cigarettes is an example of inelastic demand because he cannot stop his usage even as the price rises.

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Degrees (Or Kinds) of Price Elasticity of Demand
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Elasticity of Demand - Exercise [पृष्ठ ७५]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 3 Elasticity of Demand
Exercise | Q 4. | पृष्ठ ७५
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