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From the following goods, demand for which is inelastic? - Economics

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Question

From the following goods, demand for which is inelastic?

Options

  • Matchboxes

  • Rice in West Bengal

  • Rolex watches

  • Both (a) and (b)

MCQ

Solution

Both (a) and (b)

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Degrees (Or Kinds) of Price Elasticity of Demand
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Chapter 3: Elasticity of Demand - Exercise [Page 74]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 3 Elasticity of Demand
Exercise | Q 16. | Page 74
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