Which of the following has more elastic demand curve?

A. A commodity without substitutes

B. A commodity with substitutes

C. A commodity on which a small fraction of income is spent

D. A commodity the use of which cannot be postponed

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. According to critics, the assumption of costless production is:
  2. In the case of an inferior commodity, the income-elasticity of demand is:
  3. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  4. Ordinal approach includes arranging:
  5. The situation in between the extremes of the govt. controlled, planned economy and the perfectly free,…
  6. The vertical demand curve for a commodity shows that its demand is:
  7. Excess capacity is not found under:
  8. Quantity demanded or supplied is measured in:
  9. In case of economic bads, an IC can be :
  10. Micro economics is concerned with:
  11. If in the long run, output increases in the same proportion as increase in all the input in the given…
  12. Repetition of a game (Repeated Game):
  13. The total utility is gained by consuming:
  14. Rational economic behavior on the part of the consumer means that he will:
  15. The non-price competition cartel is a:
  16. In case of monopoly, when total revenue is maximum:
  17. In the case of a giffen good, the income effect:
  18. The firm is at equilibrium where:
  19. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  20. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  21. The critics of Sweezy model say that kink generates:
  22. Identify the work of Irving Fisher:
  23. External economies are witnessed in:
  24. If a firm is producing output at a point where diminishing returns have set in, this means that:
  25. From analysis, it is clear that both Marshal and Walras market models are:
  26. A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
  27. The products, under monopolistic competition are differentiated, yet they are:
  28. The costs faced by the firm against variable factors are:
  29. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  30. Price elasticity of demand can be measured in the following way: