Complete the following statement : Ed = 0 in case of _______.
Q.1 (A) (i) Complete the following statement : Ed = 0 in case of _______.
A. Luxury goods
B. Normal goods
C. Necessary goods
D. Durable goods
1 answer
Best answer
Answer: C. Necessary goods
Answer: (c) Necessary goods
Ed = 0 means perfectly inelastic demand: quantity demanded does not change at all when price changes. Demand for necessaries of life (such as salt, life-saving medicines) is highly inelastic and in the extreme case perfectly inelastic. Luxury goods have elastic demand.
Doubtly AI
· 28 Oct 2026
AI-verified · Oct 2026
Report
Was this answer helpful?
Thanks for the feedback.
Sign up free to save answers and ask your own doubts
Your answer
Log in or create a free account to answer this question.