ExamVeda
Login
Home
This question belongs to Commerce Economics
Economics
?

If elasticity of demand is very low, it shows that the commodity is

Answer & Solution
Correct Answer: Option D
If elasticity of demand is very low, it shows that the commodity is necessity and has little importance in total budget.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.