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Wednesday, 29 April 2026
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Goods consumed out of habit have

Goods consumed out of habit have
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Elastic demand
  • B Perfectly elastic demand
  • C Inelastic demand
  • D Unitary elastic demand
Correct Answer: Option C
Explanation:
Inelastic demand in economics is when people buy about the same amount whether the price drops or rises.

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