Demand is said to be _______ when the quantity demanded is not very responsive to changes in price.
A) independent
B) inelastic
C) unit elastic
D) elastic

Name: Demand is said to be _______ when the quantity demanded is not very responsive to changes in price. A) independent B) inelastic C) unit elastic D) elastic
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Question

Quizplus · Accepted Answer

Demand is considered inelastic when the quantity demanded changes very little with a change in price.

Demand Is Said to Be _______ When the Quantity Demanded