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