Economy, asked by thangminlalkuki231, 13 hours ago

the good which has inelastic demand is​

Answers

Answered by singhrajinder83574
1

Answer:

Inelastic products are necessities and, usually, do not have substitutes they can easily be replaced with. Since the quantity demanded is the same regardless of the price, the demand curve for a perfectly inelastic good is graphed out as a vertical line.

Answered by rvss9316
0

Answer:

necessity goods like salt, water etc

As we would continue to consume them even if there prices rise

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