If the rate of change in demand for a commodity is more rapid than that of its price, then what will that demand be?
5 312 63dcc73a2ef8e2b134878c52
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?
- 1perfectly inelasticfalse
- 2elastictrue
- 3perfectly elasticfalse
- 4inelasticfalse
- Show Answer
- Workspace
- Discuss