The demand which is not affected by price changes in short term is?
Correct answer: B. inelastic demand
- A. elastic demand
- B. inelastic demand
- C. realistic demand
- D. unrealistic demand
Explanation
Inelastic demand changes little when price changes, particularly over a short period when customers have few substitutes or limited time to adjust. Perfectly inelastic demand would not change at all, but that option is not provided.
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