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If the percentage change in quantity demanded is less than the percentage change in price, then the price elasticity of demand is ______.

If the percentage change in quantity demanded is less than the percentage change in price, then the price elasticity of demand is ______.
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If the percentage change in quantity demanded is less than the percentage change in price, then the price elasticity of demand is ______.

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User Drom
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Price inelastic. If the percentage change in quantity demanded is less than the percentage change in price, demand is said to be price inelastic, or not very responsive to price changes.
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User Obautista
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