Demand is said to be inelastic when
A) Percentage change in demand is less than the percentage change in price of the good
B) Percentage change in demand is greater than the percentage change in price of the good
C) Percentage change in demand is equal to the percentage change in price of the good
D) None of the above
Answers
Answered by
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Hi there dear user ^_^
《 ANSWER 》
Option B) Percentage change in demand is greater than the percentage change in price of the good. ✔✔
Hope it helps you out ^_^
《 ANSWER 》
Option B) Percentage change in demand is greater than the percentage change in price of the good. ✔✔
Hope it helps you out ^_^
Answered by
0
Hey mate....
Demand is said to be inelastic when
A) Percentage change in demand is less than the percentage change in price of the good
B) Percentage change in demand is greater than the percentage change in price of the good
C) Percentage change in demand is equal to the percentage change in price of the good
D) None of the above
Option B.
Hope it helps
Demand is said to be inelastic when
A) Percentage change in demand is less than the percentage change in price of the good
B) Percentage change in demand is greater than the percentage change in price of the good
C) Percentage change in demand is equal to the percentage change in price of the good
D) None of the above
Option B.
Hope it helps
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