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Inelastic Demand Simply Means That

Question 75

Multiple Choice

Inelastic demand simply means that:


A) buyers will not make a modified rebuy purchase for an item.
B) demand depends on how many items are purchased.
C) a price increase or decrease will not significantly change the demand for an item.
D) when the price of an item goes up, demand for that item goes down.
E) when the supply of an item is reduced, the price of the item will increase.

Correct Answer:

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