Economy, asked by raj60754, 9 months ago

when is demand inelastic ???​

Answers

Answered by Avni2348
6

when percentage change in quantity demanded is less than percentage change in price and demand is called inelastic

Answered by alsohabagban020
2

Answer:

Inelastic demand is when the buyer's demand does not change as much as the price changes. When price increases by 20% and demand decreases by only 1%, demand is said to be inelastic.

mrk as a BR ✌️

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