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

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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