Get Started
312

Q:

If the rate of change in demand for a commodity is more rapid than that of its price, then what will that demand be?

  • 1
    perfectly inelastic
  • 2
    elastic
  • 3
    perfectly elastic
  • 4
    inelastic
  • Show Answer
  • Workspace

Answer : 2. "elastic"

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today