Economy, asked by maria6461, 3 months ago

Elasticity of demand

Q1. What would be the elasticity of the following products? Give reason for your answer:

a. Rice in West Bengal

b. Cigarette

c. Cosmetics

d. Needle

e. Diamond

Answers

Answered by shabanamdevi80

2

options A is correct answer

Rice in West Bengal: Inelastic demand since rice in West Bengal is the staple food and hence, it is a necessity.

hope helpful for you

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