Demand is said to be inelastic, Business Economics

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Demand is said to be inelastic

Demand is said to be inelastic when

A) a given percentage change in price will result in a less than proportionate percentage change in the quantity demanded.

B) demand exhibits zero responsiveness to price changes.

C) small price increases will lead to zero quantity demanded.

D) a given percentage change in price will result in a greater than proportionate percentage change in the quantity demanded.

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Business Economics: Demand is said to be inelastic

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Business Economics: Demand is said to be inelastic

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