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Q: When demand does not change much after a price change, demand is: A. inelastic B. static C. elastic D. variable
A: When demand does not change much after a price change, demand is inelastic.
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Asked 1/12/2013 2:52:22 PM
Updated 9/13/2016 12:54:40 PM
1 Answer/Comment
Flagged by emdjay23 [9/13/2016 12:40:02 PM], Edited by yumdrea [9/13/2016 12:54:40 PM]
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When demand does not change much after a price change, demand is inelastic.
Added 9/13/2016 12:40:00 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [9/13/2016 12:54:27 PM]
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