a
the demand curve is fairly inelastic
b
the demand curve is fairly elastic
c
the demand curve is paraell to the quantity axis
d
the demand curve is positively sloped
e
the price of the commodity is too high
Explanation
Correct Option
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Tubdul07
6 years ago
Correct... When a commodity has many substitution, its demand curve is most likely fairly elastic because a slight change in price of such a commodity will bring a greater change in the demand of the commodity. E.g if the price of a commodity like close-up increases people will go for its close substitute ,maclean, that remain unchanged.
