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What will be elasticity of demand …

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What will be elasticity of demand for rare articles ?
  • 5 answers

Varsha Mudgal 6 years, 7 months ago

The ques is from sample paper so i don't know the ques is right or wrong

Rajat Vashisth 6 years, 7 months ago

Rare articles are exception to law of demand so there is no question of elasticity of demand does the question is wrong

Avadhi Badjatya 6 years, 7 months ago

Yes. I checked the answer..its surely Highly inelastic Demand ??

Avadhi Badjatya 6 years, 7 months ago

??I think it will be highly inelastic as the demand for rare articles will not change ...elastic demand will not occur ...demand will remain almost constant ..Soo it will be HIGHLY INELASTIC DEMAND ..??

Roshni Bhatia 6 years, 7 months ago

Elasticity of demand will be high as rare articles are highly priced
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