If the demand for a product is said to be relatively inelastic, the “a
If the demand for a product is said to be relatively inelastic, the “absolute” value of the elasticity coefficient will be
A) less than one.
B) greater than one.
C) equal to one.
D) zero.
ANSWER
A
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.