If demand changes considerably, we say that the demand is
A) marginal.
B) consistent.
C) inelastic.
D) elastic.
E) equal.

Name: If demand changes considerably, we say that the demand is A) marginal. B) consistent. C) inelastic. D) elastic. E) equal.
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Question

Quizplus · Accepted Answer

If demand changes considerably, it means that a small change in price will result in a large change in demand. This signifies an elastic demand, where the quantity demanded is highly responsive to changes in price.

If Demand Changes Considerably, We Say That the Demand Is