Business Studies, asked by vamshi5336, 9 months ago

In which of the following situation ia elasticity less than u7nity

Answers

Answered by uppalapatisivani17

0

Explanation:

associated with inferior good.

A positive income elasticity of demand is associated with normal good.

For a necessary good, income elasticity of demand of a commodity is less than 1 but greater than 0.

For a luxury or superior good, elasticity of demand is greater than 1.

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