When the demand for a product does notfluctuate when there is a change in price, thegood isŠelect one:а.elasticb.perfectly elasticС.unitariand.perfectly inelastic

The demand for a good is the amount of a good that a consumer wishes to buy with the ability to buy…

Answered: When the demand for a product does not…

When the demand for a product does not fluctuate when there is a change in price, the good is -- Select one: а. elastic b. perfectly elastic С.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

When the demand for a product does not
fluctuate when there is a change in price, the
good is
Šelect one:
а.
elastic
b.
perfectly elastic
С.
unitarian
d.
perfectly inelastic

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