From the following Commodities
which has the lowest elasticity of
demand-----
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Answered by
1
Answer:
Goods that are considered essential have a low elasticity of demand. Electricity, gas, oil, and water are all relatively inelastic because consumers rely on these as necessities rather than luxuries.
Explanation:
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Answered by
0
Answer:
Electricity, gas, oil, and water are all relatively inelastic
Explanation:
because consumers rely on these as necessities rather than luxuries.
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