In economics, if a good is inelastic,consumers have lost an interest in purchasing it.producers have lost an interest in manufacturing it.its supply or demand is too sensitive to price changes.its supply or demand is not sensitive to price changes.
In Economics, If A Good Is Inelastic,Consumers Have Lost An Interest In Purchasing It.producers Have Lost An Interest In Manufacturing It.its Supply Or Demand Is Too Sensitive To Price Changes.its Supply Or Demand Is Not Sensitive To Price Changes.
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In Economics, If A Good Is Inelastic,Consumers Have Lost An Interest In Purchasing It.producers Have Lost An Interest In Manufacturing It.its Supply Or Demand Is Too Sensitive To Price Changes.its Supply Or Demand Is Not Sensitive To Price Changes.. A) is the answer if a good or a commodity is inelastic in nature then price or supply has no effect on demand. Its supply or demand is not sensitive to price changes. explanation :answer:
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Producers have lost an interest in manufacturing it. Producers have lost an interest in. If the percent change in quantity demanded is less than the percent change in price, economists label the demand for.
In Economics, It A Good Is Inelastic, Consumers Have Lost An Interest In Purchasing It.
If the percent change in quantity demanded is less than the percent change in price, economists label the demand for. Producers have lost an interest in manufacturing it. A) its supply or demand is not sensitive to price changes.
This Insensitivity Suggests That Consumers.
When a good is inelastic in economics, its price elasticity is low, meaning that changes in price have little impact on consumer demand. 😉 want a more accurate answer? A) is the answer if a good or a commodity is inelastic in nature then price or supply has no effect on demand.
If A Good Is Inelastic, Its Supply Or Demand Is Not Sensitive To Price Changes.
Inelastic when the price changes. Study with quizlet and memorize flashcards containing terms like in economics, if a good is inelastic, consumers have lost an interest in purchasing it. Get step by step solutions within seconds.
Manufacturers Cannot Sell Loaves For Less Than $5.00, Which Is A Dollar Above The Market Price.
Producers have lost an interest in. Its supply or demand is too sensitive to price. The government has set a price floor on bread.
Its Supply Or Demand Is Not Sensitive To Price Changes. Explanation :Answer:
In economics, when a good is described as inelastic, it means that its demand or supply is relatively insensitive to changes in price.
