What will be the elasticity of demand for goods, to which consumers ar – InterviewSolution

1.	What will be the elasticity of demand for goods, to which consumers are addicted?
Answer» Goods to which a person becomes accustomed or addicted will have inelastic demand, like cigareette, coffee, tobacco, etc. It is so, because a person doesn’t want to live without these kind of goods. Mostly, these kind of goods are injurious for health.

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