Categories Economics In case of necessary goods, price elasticity of demand is ____________. Post author By thelooknow Post date March 22, 2022 A. inelastic B. Perfectly inelastic C. More elastic D. Perfectly elastic CORRECT ANSWER IS: inelastic ← If close substitutes of a goods are available, demand for good is ____________. → In case of luxury goods, price elasticity of demand is _________