Demand for Electricity is elastic because

CA Foundation · Business Economics · MTP · April 2025
Demand for Electricity is elastic because
(A) A. it is very expensive
(B) B. it has alternative uses
(C) C. it has a number of close Substitute.
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. it has alternative uses

Topics: Theory of Demand and Supply

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic