If the price of a good falls from $20 to $10 and quantity demanded rises from 400 to 500, the demand would be classified as inelastic.

Name: If the price of a good falls from $20 to $10 and quantity demanded rises from 400 to 500, the demand would be classified as inelastic.
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The Answer of If the price of a good falls from $20 to $10 and quantity demanded rises from 400 to 500, the demand would be classified as inelastic.

If the Price of a Good Falls from $20 to $10