Goods consumed out of habit have?

A. elastic demand B. perfectly elastic demand C. inelastic demand D. unitary elastic demand Correct Answer: Option C C. inelastic demand Explanation Inelastic demand in economics is when people buy about the same amount whether the price drops or...

Examples of joint-stock banks are?

A. commercial banks B. co-operative credit societies C. central banks D. development banks Correct Answer: Option A A. commercial banks Explanation A joint-stock company is a business owned by people called shareholders. Each shareholder owns company stock in...

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