Economics · Elasticity of Demand
In which of the following cases will the price elasticity of demand be relatively less elastic?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Goods which have close substitutes
- 2Goods whose consumption can be postponed
- 3Goods on which consumers spend a small proportion of their income✓
- 4Goods which can be put to multiple uses
Correct answer
Goods on which consumers spend a small proportion of their income
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Elasticity of Demand MCQs →Want more practice questions on Elasticity of Demand?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Elasticity of Demand