Multiple Choice
If the demand for mobile phone service is inelastic, then________.
A) the percentage change in quantity demanded is greater than the percentage change in price (in absolute value) .
B) the percentage change in quantity demanded is equal to the percentage change in price.
C) the quantity demanded does not change in response to changes in price.
D) the percentage change in quantity demanded is less than the percentage change in price (in absolute value) .
Correct Answer:
Verified
Correct Answer:
Verified
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