4) Decide in each case whether supply is likely to be elastic or inelastic and give reason to support your answer i) Rubber bands ii) T- Shirts iii) Aircraft iv) Pencil v) Lamb
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Answer:
1 and 2 are elastic
Other 3 are inelastic
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I) Rubber Bands -> Elastic
II) T - Shirts -> Elastic
III) Aircraft -> Inelastic
IV) Pencil -> Inelastic
V) Lamb -> Inelastic
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