Question #82451
5. Which of the following commodities has inelastic demand and why?
a) Soap
b) Salt
c) Cigarettes
d) Ice cream.
1
Expert's answer
2018-10-29T16:39:08-0400

Cigarettes have inelastic demand, because smokers depend on smoking them and can't change the quantity demanded very fast due to the change in price. So, the correct answer is c).

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