Theory of consumer behaviour — Economics STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour1 Mark
Question
When is the demand of a commodity said to be inelastic?
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Answer
When the proportionate rise in demand is less then the proportionate fall in price.Alternate Answer
Proportionate fall in demand is less then proportionate rise in price.
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