Commodities of inelastic demand
Which of the given commodities contain inelastic demand? A) Salt B) A particular brand of lipstick C) Medicines D) Mobile phone E) School uniform
Expert
Salt, medicines and school uniform encompass inelastic demand. The cause being that a consumer has to purchase such commodities even via price of such commodities changes.
Even a substantial modification in price leaves the demand unaffected.
Different forms of capital account transactions: A) Private Transactions: There are transactions which affect the liabilities and assets of individuals. Q : Moral Hazard evidence Cameron is Cameron is performing a research project on whale migration at Pacific Ocean. To assist with this research she hires a Ph.D. from the MIT to make computer software to organize data, paying the software genius $150,000 for his services. The Ph.D. assures Cameron that t
Cameron is performing a research project on whale migration at Pacific Ocean. To assist with this research she hires a Ph.D. from the MIT to make computer software to organize data, paying the software genius $150,000 for his services. The Ph.D. assures Cameron that t
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