1.

If the consumer is _ then his demand for various commodities will be relatively inelastic​

Answer»

ong>Answer:

CAPTURING and determining that spread is what ELASTICITY is all about. Inelastic GOODS, however, are goods that are so ESSENTIAL to consumers that changes in price tend to have a limited effect on supply and demand. Most commodities fall in the inelastic goods category because they're essential to human existence.

Explanation:

please follow me and give a thanks and comment



Discussion

No Comment Found