Multiple Choice
If a good has a less elastic demand curve:
A) then a small percentage change in price will cause a large change in quantity demanded.
B) then any percentage change in price will take a long time to cause a response in quantity demanded.
C) then a large percentage change in price will cause a small change in quantity demanded.
D) then any percentage change in price will cause an almost immediate response in quantity demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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