When a good is inelastic?

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asked May 21, 2023 104k views

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Nagaraja JB · Answer 1 · 2023-05-26T19:53:43+0000

Answer:

a good is in inelastic when price elasticity of demand is >0<1. which means that a small percentage change in price will cause a bigger percentage change in quantity demanded.

When a good is inelastic?

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