Question

Demand for water is –

(a) Elastic

(b) Inelastic

(c) Perfectly elastic

(d) Relatively elastic​

Answer 1

Answer:

Demand for water is inelastic because water has no close substitutes. Water is used for everyday use. It is a necessity. The demand for necessities are inelastic when compared to luxuries

Explanation:

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Answer 2

Demand for water is –

(a) Elastic

(b) Inelastic

(c) Perfectly elastic

(d) Relatively elastic

Answer :

(b) ✓ Inelastic.