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Answer : 1. "electricity"
The demand for which of the following goods is elastic?
5Q:
The demand for which of the following goods is elastic?
- 1electricitytrue
- 2medicinefalse
- 3ricefalse
- 4match boxfalse
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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.