Economy, asked by harishankar86347, 10 months ago

is demand for the following elastic, moderate elastic, in elastic? Give reason
(a) petrol (b) demand for text books​

Answers

Answered by himanshi5162
4

Answer:

Demand for petrol is elastic because petrol does not have many substitutes. Demand for textbooks is inelastic because the students have to buy them regardless of the increase in their price.

Answered by saurabh104198
2

Answer:

Demand for text books is true

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