1.

Demand is said to be inelastic when

A. Percentage change in demand is less than the percentage change in price of the good
B. Percentage change in demand is greater than the percentage change in price of the good
C. Percentage change in demand is equal to the percentage change in price of the good
D. None of the above
Answer» B. Percentage change in demand is greater than the percentage change in price of the good


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