Changes in price do not always impact demand to the same, Ask an Expert

Economics

Changes in price do not always impact demand to the same degree, and in some cases change in price impact demand very little. These goods are said to have a relatively inelastic demand. What would make a good have a level of demand that is relatively inelastic, and what are some examples?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9292278

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