Economy, asked by ishitaoffficial, 5 months ago

when is the demand for a commodity is said to be inelastic ?

Answers

Answered by fatehabegum204

1

Answer:

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Answered by Dangerdevil1p

0

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.

Explanation:

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