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Choose the correct answer from the given multiple choices. 1. Which of the following goods has more elastic demand? Rice Computer Electricity Life-saving drugs Salt 2. Identify the nature of demand curve when elasticity of demand is equal to one. Perfectly elastic demand Rectangular hyperbola Parallel to Vertical axis.Perfectly inelastic demand Parallel to horizontal axis |
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Answer» 1. computer 2. rectangular hyperbola |
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