Economy, asked by css786786786, 5 days ago

Suppose in a market price of sugar is Rs 120 per kg and quantity demanded of a family is 10 kg per month. What if the price of sugar increase to 140 and quantity demanded decrease to 8 kg per month? Draw and label the graph as well as find weather the product (sugar) is elastic, inelastic or unit elastic

Answers

Answered by magicsmiles72

1

Explanation:

sugar has perfectly inelastic demand because it is necessity and people will demand the same even if its price keep rising

Previous Question

Next Question

Similar questions

English, 2 days ago

voice change ----------------------- we like bird ...

Math, 2 days ago

B. Let us multiply two 2-digit numbers mentally, P.A-3 Step 2 Step 1 Step 3 + (Multiply encircled digits) (Multiply each pair of encircled digits and add) (Multiply encircled digits) Η ΤΟ Example : 1 31 72 21 23 2 Х Step 1. 1x 2 = 2 (Write in ones column) Step 2. 3 x 2 + 7 x 1 = 13 (Write 3 in tens column and carry over 1) Step 3. 3 * 7 = 21 21 + 1 (carried over) = 22 (Write before 32) Find the...

Physics, 2 days ago

please answer this question...

Physics, 5 days ago

Amman weighs 81.5 N on the moon. If the acceleration due to gravity on the moon is 1.63m/s2 , find the mass of the man and his weight on the earth.

Biology, 5 days ago

What is a star? Why do we consider the Sun as a star?

English, 8 months ago

3. Rahul and Kunal.................. (has/hav Change the following sentences from a 1. I have written a story. 2. Had he written the e-mail? 3. Why were you wasting your time? 4. The mechanic repaired the bike. Underline the determiners in these ser 1. Both the girls are my classmates. the team is hard-W...

Social Sciences, 8 months ago

which estate boycott the estate general meet...

Hindi, 8 months ago

तेजस्वी चाणक्य मंत्री बनने में सफल रहा । में उद्देश्य और विधेय बताइए ।...