As the price of sugar increases, the demand for sugar remains the same. When the demand for sugar does not change when the price goes up, it is called:

Name: As the price of sugar increases, the demand for sugar remains the same. When the demand for sugar does not change when the price goes up, it is called:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This scenario describes Price Elasticity of Demand, specifically a case of inelastic demand, where the quantity demanded does not significantly change with a change in price.

As the Price of Sugar Increases, the Demand for Sugar