If the consumption of sugar does not change at all following a price increase from 50 cents

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If the consumption of sugar does not change at all following a price increase from 50 cents per pound to 65 cents per pound, the demand for sugar is considered to be

Relatively inelastic.

Perfectly elastic.

Perfectly inelastic.

Unitary elastic.

Related Book For answer-question

Global Business

ISBN: 978-1133485933

3rd edition

Authors: Mike W. Peng

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Posted Date: Nov 02, 2018 11:23 AM

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If the consumption of sugar does not change at all following a price increase from 50 cents

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Perfectly Inelastic Explanation The demand of a ... View the full answer

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