If a consumer is relatively insensitive to changes in the price of a good, then the consumer's demand for the good is
A) elastic.
B) unit elastic.
C) inelastic.
D) perfectly elastic.

Question

Quizplus · Accepted Answer

When a consumer is relatively insensitive to price changes, it means that the quantity demanded does not change much with price changes, indicating inelastic demand.

If a Consumer Is Relatively Insensitive to Changes in the Price