When demand is inelastic
A) The percentage change in price is greater than the percentage change in quantity demanded.
B) Buyers are very sensitive to changes in price.
C) The product in demand has many substitute goods.
D) The percentage change in quantity demanded is greater than the percentage change in price.
Correct Answer:
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Q33: The price elasticity of demand is equal
Q34: Ceteris paribus,which of the following causes demand
Q35: If demand is very inelastic,
A)The demand curve
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Q39: If demand is perfectly elastic,
A)The demand curve
Q40: Which of the following is likely to
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Q43: Demand is more price-elastic
A)In the long run.
B)If
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