Economy, asked by AadinathMadane, 4 months ago

Elasticity of Demand is less than one for...branded goods

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Answered by umeshnirmal04

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The elasticity of demand for luxury goods is more than one since the proportionate change of the quantity demanded of luxury goods is more than the proportionate change in price of luxury good.

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Elasticity of Demand is less than one for...branded goods​

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Elasticity of Demand is less than one for...branded goods