Q. If a small percentage increase in the price of a good greatly reduces the quantity demandedfor that good, the demand for that good is (Solved)
1. income inelastic.
2. price inelastic.
3. price elasti
4. unit price elastic.
- c. price elastic.
1. income inelastic.
2. price inelastic.
3. price elasti
4. unit price elastic.