12.The elasticity for the demand of durable goods is:  A. Zero  B. Equal To Unity  C. Greater Than Unity  D. Less Than Unity

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12.The elasticity for the demand of durable goods is:  A. Zero  B. Equal To Unity  C. Greater Than Unity  D. Less Than Unity
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Solution 1

The elasticity for the demand of durable goods is typically C. Greater Than Unity.

Here's why:

  1. Durable goods are goods that do not wear out quickly and last over a long period. Examples include cars, furniture, and appliances.

  2. 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

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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