An insensitivity of demand in relevance to change in price will be called
A. demand elasticity
B. price elasticity
C. price inelasticity
D. demand inelasticity
Answer: Option D
Solution (By Examveda Team)
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.This Question Belongs to Management >> Management Accounting
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