responsiveness of demand for match box
Answers
Answered by
6
study the responsiveness of demand for commodities like salt match box candle tv with respect to income level of 5 families.
Answered by
1
A match box is an inferior good but a very basic commodity to any human life since it generates energy for the household sources of energy. It is price inelastic which means that its demand will not change either with the increase or the decrease since its price is generally low and every humankind is always in need of this commodity. therefore their demand is always constant.
Similar questions