A. elastic demand
B. perfectly elastic demand
C. inelastic demand
D. unitary elastic demand
Correct Answer: Option C
C. inelastic demand
Explanation
Inelastic demand in economics is when people buy about the same amount whether the price drops or rises.
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…