![When the elasticity of demand for a commodity is very low, it shows that the product](https://www.gkseries.com/blog/wp-content/uploads/2022/09/When-the-elasticity-of-demand-for-a-commodity-is-very-low-it-shows-that-the-product-.png)
Q. When the elasticity of demand for a commodity is very low, it shows that the product ________.
- Has little importance in the total budget
- Is a luxury
- Is a necessity
- None of the above
Answer: Is a necessity
Answer: Is a necessity
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