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295

Q:

The demand for which of the following goods is elastic?

  • 1
    electricity
  • 2
    medicine
  • 3
    rice
  • 4
    match box
  • Show Answer
  • Workspace

Answer : 1. "electricity"
Explanation :

Among the given options, only the demand for electricity is elastic, whereas the demand for medicine, rice and matchbox is inelastic.

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Basic GK Economics GK

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