Demand for habitual commodity is ______.

Question

KollegeApply · Accepted Answer

Demand for habitual commodity has zero elastic demand. Explanation: The goods that a consumer is habituated to, such as liquor, cigarettes, etc., have an inelastic demand or zero elastic demand. A change in the prices of these goods has a lesser impact on their demand, as the consumer is habituated to these goods and hence cannot reduce their consumption.

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