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when-percentage-change-in-demand-for-a-commodity-is-less-than-percentage-change-in-its-price-then-demand-is-said-to-be
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Q.
When percentage change in demand for a commodity is less than percentage change in its price then demand is said to be
[A] Highly elastic
[B] Inelastic
[C] Relatively elastic
[D] Perfectly inelastic
Answer & Explanation
Answer: Option [B]
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