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When demand does not change much after a price change, demand is: a. variable b. static c. elastic d. inelastic

When demand does not change much after a price change, demand is: a. variable b. static c. elastic d. inelastic
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when demand does not change much after a price change, demand is: a. variable b. static c. elastic d. inelastic

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User Haniku
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2 Answers

1 vote

Inelastic demand in economics is when people buy about the same amount whether the price drops or rises. (thebalance.com definition)

The answer is D. inelastic.

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User SJWard
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8.3k points
6 votes
The answer is D. inelastic
answered
User Thebonzitree
by
8.1k points
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