Question : Whats is elasticty of luxury goods demand?

Option 1: Inelastic

Option 2: Elastic
 

Option 3: Highly elastic

Option 4: Perfectly Inelastic

Question : What is the elasticity of demand in the case of "Salt"?

Option 1: Elastic 

Option 2: Inelastic

Option 3: Unit elastic

Option 4: Perfectly inelastic

Question : Elasticity (e) expressed by the formula 1 > e > 0 is

Option 1: Perfectly elastic

Option 2: Relatively elastic

Option 3: Perfectly inelastic

Option 4: Relatively inelastic