Business Studies, asked by hemadhawan12580, 6 months ago

The coefficient of price elasticity of demand for the
commodity is inversely related to the number of
alternative uses of the commodity True or false​

Answers

Answered by bharatseth379
0

Answer:

false

reason:- A commodity with a number of alternative uses carries positive relation with the coefficient of price elasticity of demand. With the fall in the price of such a commodity the quantity demanded increases as people can put it for different uses.

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