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product whose demand is elastic are

jewells(gold,silver,platinum,dimond,etc)

fuel(petrol,disel,kerosene,etc)

sugar

detergents

soaps(washing and bathing)

products whose demand is inelastic are

salt

fruits

food and vegetables

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Is the price and demand for junk food elastic or inelastic?

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An example of perfectly inelastic demand would be a life-saving drug that people will pay any price to obtain. Elastic demand is the opposite of this.


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