Economy, asked by boudhhmssanskriti, 2 months ago

explain the type of price elasticity of demand and prepare the necessary diagram

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Answered by Shreyaranu

Answer:

Usually, unique goods such as diamonds are inelastic because they have few if any substitutes. ... This means that tobacco is inelastic because the change in price will not have a significant influence on the quantity demanded...

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explain the type of price elasticity of demand and prepare the necessary diagram​

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explain the type of price elasticity of demand and prepare the necessary diagram