When total demand is not much affected by price changes, this is known as:
A) J- curve demand.
B) non- fluctuating demand.
C) derived demand.
D) price inelasticity.
E) price elasticity.

Name: When total demand is not much affected by price changes, this is known as: A) J- curve demand. B) non- fluctuating demand. C) derived demand. D) price inelasticity. E) price elasticity.
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Question

Quizplus · Accepted Answer

Price inelasticity means that changes in price do not significantly affect total demand.

When Total Demand Is Not Much Affected by Price Changes