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If good or service is a necessity rather than a luxury then

If good or service is a necessity rather than a luxury then the: a) elasticity of demand for the good or service is likely to be more inelastic. b) elasticity of demand for the good or service is likely to be more elastic. c) elasticity of supply for the good or service is likely to be more inelastic. d) elasticity of supply for the good or service is likely to be more elastic.

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Business Economics: If good or service is a necessity rather than a luxury then

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Business Economics: If good or service is a necessity rather than a luxury then

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