Question

is air conditioner elastic or inelastic demand​

Answer 1

Answer:

it is inelastic........

Answer 2

$\huge\underline\bold\blue{Answer}$

Moreover, the consumption of necessities cannot be postponed; therefore, the demand for necessities is inelastic. On the other hand, price elasticity of demand for luxury goods, such as car, air conditioners, and expensive jewellery, is highly elastic.

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