Goods consumed out of habit have
...Goods consumed out of habit have
Elastic demand
Perfectly elastic demand
Inelastic demand
Unitary elastic demand
Correct answer is C
Inelastic demand in economics is when people buy about the same amount whether the price drops or rises.
The monopolist power can be controlled by the government through ...
Effective demand in economics means ...
Which of the following will shift the demand curve for Milo to the right? ...
A rational consumer will adjust his spending pattern so that ...
A rising short-run average cost is a result of ...
Into which of these organization would you classify the International Monetary Fund (IMF)? ...
A disadvantage of a jont-stock company is ...
Population Statistics of a Country. The dependency ratio between 1960 and 1990 is ...
One of the important features of perfect competition is_____? ...