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State with reasons, whether the following items will have elastic or inelastic demand:
(a) Matchbox
(b) Medicines
(c) NCERT book

Dear Student
(a) Matchbox have inelastic demand as it consume a very little portion of income.
(b) Medicines have inelastic demand as we can't postponed their consumption.
(c) NCERT book s have inelastic demand as they are necessity goods.

Regards

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(i) Matchbox has inelastic demand as consumer has to spend a very small proportion of his income. (ii) Medicines have inelastic demand as their consumption cannot be postponed. (iii) NCERT Textbook has inelastic demand as it is a necessity items.
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