Answer-If demand is price inelastic, then

Buyers do not respond much to changes in price id demand is inelastic and demand curve is very close to vertical.

Question

If demand is price inelastic, then

A buyers do not respond much to a change in price

B buyers respond substantially to a change in price, but the response is very slow

C buyers do not respond much to advertising, fads, or general changes in tastes

D the demand curve is very flat

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If demand is price inelastic, then

Solution