If consumers' buying decisions are not very sensitive to changes in price, then their demand is:
A) more elastic.
B) less elastic.
C) perfectly inelastic.
D) unit elastic.

Question

Quizplus · Accepted Answer

If consumers' buying decisions are not very sensitive to changes in price, then their demand is said to be less elastic. This means that a change in price will result in a relatively small change in the quantity demanded.

If Consumers' Buying Decisions Are Not Very Sensitive to Changes