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n200080 [17]
3 years ago
10

What does it mean if a product has inelastic demand?

Social Studies
1 answer:
Gnoma [55]3 years ago
5 0

Answer:

A)

Explanation:

Inelastic demand means that the demand would not change as price changes. It generally happens for goods that are non-replacable, with little competition, and other factors (e.g. location, short-run) that make the buyer insensitive to the price.

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