Prices for common vegetables tend to be elastic. Why?.

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22-03-2022
Business

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Prices for common vegetables tend to be elastic. Why?.

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Adityarai007 Adityarai007 · Answer 1 · 2022-03-22T14:19:19+01:00

Adityarai007 Adityarai007

22-03-2022

Demand elasticity is the extent to which a change in price causes a change in the quantity demanded. Prices for common vegetables tend to be elastic. Why? because other vegetables are available.

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