Question: Demand is said to be inelastic when Multiple Choice a large change in price produces a small change in demand. it is independent of the

Demand is said to be inelastic when
Multiple Choice
a large change in price produces a small change in demand.
it is independent of the price and quality of a product.
a product is considered to be a necessary commodity.
competitive forces initiate a price change.
Demand is said to be inelastic when Multiple Choice a large

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