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Question
Greater the alternative uses of a commodity, lesser is the elasticity of demand.
Greater the alternative uses of a commodity, lesser is the elasticity of demand.
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Solution
The correct option is B False
False. Commodities having variety of uses have elastic demand. Because, at lower price, the commodity can be put to several uses.
False. Commodities having variety of uses have elastic demand. Because, at lower price, the commodity can be put to several uses.
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