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11 Dec 2019
the demand for a product is inelastic with respect to the price if:
A. Consumers are largely unresponsive to per unit price change
B. The elasticity coefficient is greater than 1.
C. A drop in price is accompanied by a decrease in quantity demanded
D. A drop in price is accompanied by a increase in quantity demanded
the demand for a product is inelastic with respect to the price if:
A. Consumers are largely unresponsive to per unit price change
B. The elasticity coefficient is greater than 1.
C. A drop in price is accompanied by a decrease in quantity demanded
D. A drop in price is accompanied by a increase in quantity demanded
Darryn D'SouzaLv10
28 Aug 2020