Economy, asked by pranitadike02, 1 year ago

analysis on study the responsiveness of demand for commodities like salt, matchboxes,candles,television,foodgrains with respect to income level of five families​

Answers

Answered by FuzzieGirl
10

Answer:

if the income level of a family increases then the demand for the commodities like ....

  1. Salt ,match boxes will increase little bit but after a level the demand will be relatively same, so the demand will be zero elastic .
  2. While the demand for luxurious television will increase so a large amount of income may be spent on it, so the demand will be elastic.
  3. Just like that the demand for inferior foodgrains will be changed like eating of rice instead of bajra and maize,so there will be a change in the demand of foodgrains,so the demand will be negative elastic.

please follow me, mark my answer brainliest & rate 5 stars too

Similar questions