12.The elasticity for the demand of durable goods is: A. Zero B. Equal To Unity C. Greater Than Unity D. Less Than Unity
Question
Solution 1
The elasticity for the demand of durable goods is typically C. Greater Than Unity.
Here's why:
Durable goods are goods that do not wear out quickly and last over a long period. Examples include cars, furniture, and appliances.
The demand for these goods is often elastic because they are no Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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