What is the correct answer

Suriya · 25 May 2025

'That person spends total of 100 what the price is ' this sentence states that person is a habitual consumer . A habitual consumer has inelastic demand in short run , it means he consumes coffee for a certain limit of rupees but he stops to consume coffee if the price of the coffee is very high but if the price varies between 80 to 200 it does not worry about the price because he is found of coffee. If the price becomes 1,000 rupees there are lot of possibilities to stop his consumption. Conclusion: The demand is inelastic in short run. The demand is unitary elastic in long run . So dont worry ,they will mention the case is it long or short run . Hope you it understand

Dharmendra · 25 May 2025

A

Rishi · 25 May 2025

In the book it is d

Vedanshi · 25 May 2025

A