Question

13
Question
Marks, 4
On 15th June 2020, the following news was
printed in the Times of India
"Gujarat: Prices of petrol, diesel increased by
Rs 2 per litre."
Explain this statement linking it to the
concept of elasticity of demand.​

Answer 1

Answer:

for gaining more money

Explanation:

for their profit they increased Rs2 per litre