study the responsiveness of demand for commodities like salt match box candle tv with respect to income level of 5 families
Mayur,
Such questions need to be attempted based on your own creative writing skills and research. You can visit five families and conduct this study yourself.
Demand for salt and food grains will come out to be perfectly inelastic whereas, demand for televisions will be more than unitary elastic.
Such questions need to be attempted based on your own creative writing skills and research. You can visit five families and conduct this study yourself.
Demand for salt and food grains will come out to be perfectly inelastic whereas, demand for televisions will be more than unitary elastic.