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Lauren1 Lauren1
wrote...
Posts: 4120
9 years ago
Demand is inelastic if
A) a large change in quantity demanded results in a small change in price.
B) the quantity demanded is very responsive to changes in price.
C) the price elasticity of demand is less than 1.
D) the price elasticity of demand is greater than 1.
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Answer accepted by topic starter
MrDerecheMrDereche
wrote...
Top Poster
Posts: 4095
9 years ago
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Lauren1 Author
wrote...
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
9 years ago
You're welcome!
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