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What is meant to be inelastic …

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What is meant to be inelastic demand? Compare it with the perfectly inelastic demand ?
  • 2 answers

Zeel Patel 5 years, 3 months ago

Inelastic demand is that demand which are highly neccesary example colgate.In exam we have to just justify whether it is elastic or inelastic examinar will give marks

Gaurav Kr. 5 years, 3 months ago

When price elasticity is less than 1 ( (Es←1) so demand is inelastic
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