When demand hardly changes with a small change in price, then demand is said to be:
A) inverse.
B) elastic.
C) inelastic.
D) reverse.
E) dynamic.

Name: When demand hardly changes with a small change in price, then demand is said to be: A) inverse. B) elastic. C) inelastic. D) reverse. E) dynamic.
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Question

Quizplus · Accepted Answer

When demand hardly changes with a small change in price, it is said to be inelastic. This means that even if the price changes, there will be little to no effect on the quantity demanded.

When Demand Hardly Changes with a Small Change in Price