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प्रश्न
When the demand of a commodity is inelastic.
पर्याय
The commodity has various uses
Demand remains constant with variable price
Commodity has few uses
Commodity has no uses at all
MCQ
उत्तर
The commodity has few uses
Explanation:
When we discuss inelastic versus perfect inelastic, there is a distinction to be made. When a commodity has a limited number of applications, its demand is inelastic since prices are lower. As a result, demand rises, but only little because the commodity has a limited number of uses.
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