When the demand of a commodity is inelastic ........

Introductory Microeconomics Consumer Behavious and Demand

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When the demand of a commodity is inelastic.

Commodity has various uses.

Demand remains constant with variable price.

Commodity has few uses.

Commodity has no uses at all.

Explanation:

Option (3) is correct.
Explanation: There is a difference when we talk about in-elasticity and perfect in-elasticity. When a commodity has few uses, it's demand is inelastic because the prices are less, demand increases but since the commodity has a few uses only there will be a slight increase.

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