Question

What is inelastic demand?

A. Items not affected by price changes
whatsoever
B. Items affected by price changes
whatsoever
C. Items sometimes affected by price
changes

Answer 1

A good's price elasticity of demand is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others.

Step-by-step explanation:

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