If a good is a necessity,what would demand for the good tend to be
A) elastic
B) horizontal
C) unit elastic
D) inelastic
Correct Answer:
Verified
Q2: What does the elasticity of demand for
Q3: When is demand said to be inelastic
A)if
Q4: When quantity demanded responds substantially to changes
Q5: When studying how some event or policy
Q6: When would demand for a good tend
Q7: If a good is a luxury,what would
Q8: When is demand said to be elastic
A)if
Q9: What does inelastic demand mean
A)consumers hardly respond
Q10: What happens when the price elasticity of
Q11: In general terms,what does elasticity measure
A)how price
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