Economy, asked by sangeethakesavan76, 6 months ago

the demand for necessities is usually

Answers

Answered by joydeb020832

1

Answer:

the demand for necessities is usually is ' highly inelastic'

Answered by Rahilmaqbool29

1

Answer:

Necessities tend to have inelastic demand. Luxuries tend to have elastic demand. Demand is elastic when there are close substitutes

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