ExamVeda
Login
Home
This question belongs to Management Management Accounting
Management Accounting
?

An insensitivity of demand in relevance to change in price will be called

Answer & Solution
Correct Answer: Option D
An insensitivity of demand in relevance to change in price will be called demand inelasticity. Inelastic demand is when the buyer's demand does not change as much as the price changes.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.