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If the Demand for a Good Is Relatively Inelastic, This

Question 283

Multiple Choice

If the demand for a good is relatively inelastic, this means that consumer purchases of the good are


A) not very sensitive to the price of the good.
B) highly sensitive to the price of the good.
C) unrelated to the price of the good.
D) unaffected by changes in the income level of consumers.

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