The demand which is not affected by price ranges is classified as________?
Correct answer: A. inelastic demand
- A. inelastic demand
- B. elastic demand
- C. inelastic price
- D. elastic price
Explanation
Inelastic demand changes little when price changes, although perfectly inelastic demand is the extreme case in which quantity demanded does not change at all. Thus, inelastic demand is the best available option.
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