India Languages, asked by Aura8488, 5 months ago

Which of the following is appropriate pricing policy when the demand for goods is inelastic

Answers

Answered by Zayn009

4

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.

hope it helps ❤️

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