IDNLearn.com is designed to help you find the answers you need quickly and easily. Our Q&A platform offers reliable and thorough answers to help you make informed decisions quickly and easily.
If the percentage change in quantity demanded is less than the percentage change in price, then the price elasticity of demand is ______.
Price inelastic. If the percentage change in quantity demanded is less than the percentage change in price, demand is said to be price inelastic, or not very responsive to price changes.
We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com provides the answers you need. Thank you for visiting, and see you next time for more valuable insights.
