Economy, asked by manishagupta6702, 10 months ago

true or false ... demand for electricity is elastic ?

Answers

Answered by aryanpandey7475

0

false demand for electricity is elastic

Answered by nehar2102

0

The demand for electricity is elastic, is a false statement.

Step by step explanation:

Due to reason that we have no substitute for electricity the demand for electricity is inelastic.

Electricity manufacturing is a monopoly sector. It faces inelastic demand curves.

Electricity is very essential to everyone. So, its demand will also not fall at any point of time.

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