ZariaZ4094 ZariaZ4094
  • 03-03-2022
  • Business
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If the percentage change in quantity demanded is less than the percentage change in price, then the price elasticity of demand is ______.

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vicenlysamantha13
vicenlysamantha13 vicenlysamantha13
  • 03-03-2022
Price inelastic. If the percentage change in quantity demanded is less than the percentage change in price, demand is said to be price inelastic, or not very responsive to price changes.
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