Can you complete the sentence? Demand is ________ when a change in - ProProfs Discuss
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Can you complete the sentence? Demand is ________ when a change in price leads to a relatively larger change in the quantity demanded.  On the other hand, demand is __________ when a change in price leads to a relatively smaller change in the quantity demanded.



A. Increasing; decreasing
B. Decreasing; increasing
C. Elastic; inelastic
D. Inelastic; elastic

This question is part of Demand Quiz
Asked by Agdolan, Last updated: Jul 13, 2020

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1 Answer

John Smith

John Smith

Answered Oct 24, 2016

Elastic; inelastic
 

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