Multiple Choice
If demand is price inelastic,then
A) buyers do not respond much to a change in price.
B) buyers respond substantially to a change in price,but the response is very slow.
C) buyers do not alter their quantities demanded much in response to advertising,fads,or general changes in tastes.
D) the demand curve is very flat.
Correct Answer:
Verified
Correct Answer:
Verified
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