9. Following are the demand schedules for commodities A and B. Which one of them has more elastic
demand?
Commodity A
Commodity B
Price () Quantity demanded (unita) Price () Quantity demanded (units)
10
100
20
100
12
90
18
110
(Ed for A ( 30.5, Ed for B (1) 1. Bis more elastic)
Р
ubstitute goods:
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Answer:
The demand for a commodity is its quantity which consumers are able and willing to buy at various prices during a given period of time.
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