Question: Demand is inelastic if the quantity demanded changes more or less proportionately with the price. the quantity demanded does not change very much even if
Demand is inelastic if
the quantity demanded changes more or less proportionately with the price.
the quantity demanded does not change very much even if the price changes dramatically.
the demand curve is bowed inward towards the origin.
the demand curve is bowed outward away from the origin.
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