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A business decreases the price of their product by 10%, as a result, consumer demand for the product has also increased by 10%. Which term does the scenario best describe? a. demand ...
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... elasticity c. inelastic demand b. elastic demand d. unit elastic demand
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Inelastic demand does the scenario best describe.
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User: A business decreases the price of their product by 10%, as a result, consumer demand for the product has also increased by 10%. Which term does the scenario best describe? a. demand elasticity c. inelastic demand b. elastic demand d. unit elastic demand

Weegy: Inelastic demand does the scenario best describe.
Auto answered|Score 1|jeifunk|Points 8531|

All Categories|No Subcategories|Auto Answered|1/29/2013 12:34:01 PM
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