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Answer to Question #121811 in Microeconomics for ABC
Question #121811
Ed=0 in case of _______
(unitary elastic demand)
The options are:
1.luxuries
2.normal goods
3.necessities
4.comforts
Please tell which would be the correct answer with reason.
(unitary elastic demand)
The options are:
1.luxuries
2.normal goods
3.necessities
4.comforts
Please tell which would be the correct answer with reason.
Expert's answer
The answer is 3.necessities
These are goods that no one controls such as the air that we breathe and water.
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