Economy, asked by gauravsinghshekhar, 1 month ago

I am a product in the market. A small percentage change in price causes a huge percentage change in the quantity demanded. What am I? a) Inelastic good b) Elastic good c) Perfectly elastic good d) Perfectly inelastic good

Answers

Answered by dishamanish03

Answer:

An inelastic demand or supply curve is one where a given percentage change in price will cause a smaller percentage change in quantity demanded or supplied. Unitary elasticity means that a given percentage change in price leads to an equal percentage change in quantity demanded or supplied.

Answered by shubvii9

Answer:

optin c is ur correct awnser pls mark ad brainliest

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