Which of the following would not be an outcome of Hoarding a demand inelastic product 1 Increase in ...........

Economic Affairs Inflation

Which of the following would not be an outcome of 'Hoarding' a demand inelastic product?

1. Increase in the prices of the hoarded item.

2. Shortage of hoarded item in the market

3. Decrease in demand of the hoarded commodity

Select the correct answer using the codes given below

1 and 3 only

3 only

All of the above

1 and 2 only

Third statement is incorrect.
For more detail
https://www.investopedia.com/terms/h/hoarding.asp

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