In a situation where a price change does not have a significant impact on the quantity sold, demand is said to be
A) elastic.
B) marginal.
C) complementary.
D) inelastic.
E) cross-elastic.

Name: In a situation where a price change does not have a significant impact on the quantity sold, demand is said to be A) elastic. B) marginal. C) complementary. D) inelastic. E) cross-elastic.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

When a price change does not significantly affect the quantity sold, demand is considered inelastic.

In a Situation Where a Price Change Does Not Have