Question

Which of the following shows elasticity less
than one?
(A)
Necessity Goods
(B)
Comforts
(C)
Luxuries
(D)
All of the above​

Answer 1

Answer:

your anwer is c. luxuries

hope it helps you

Answer 2

(c) Luxuries shows elasticity less.

Definition of elasticity;

Elasticity- refers to the change in demand when the economic factors are affected.

Features of elasticity;

• Elasticity less means change in demand or supply such as even the pricing of a valuable good. The change in goods are affected in the quantity consumed.  
• The changes are shown through the curves. When there is less curve which means less elastic then there is larger change in price. actor
• The elasticity is an essential part of economic measure for the sellers or goods. The amount of goods or services is calculated with the consumption and demand.
• The luxuries is counted in elastic demand represented as the goods or products.
• The unnecessary products are easily replaced with another. For the bigger companies that offer products or services, the elastic curve helps in identifying there products or goods.

 Hence, Elastic less is represented in luxuries showing the actual demand or supply.