Question: Inelastic demand Question 10 (1 point) When demand is inelastic: a) the percentage change in quantity demanded resulting from a price change is greater than

Inelastic demand

Question 10 (1 point) When demand is inelastic: a) the percentage change in quantity demanded resulting from a price change is greater than the percentage change in price. b) demand curves appear to be fairly flat. c) consumers are not very responsive to changes in price. Od) price elasticity of demand is greater than 1

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