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प्रश्न
What is meant by inelastic demand?
Give the meaning of inelastic demand.
What is inelastic demand?
अति संक्षिप्त उत्तर
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उत्तर
When a large change in the price does not bring so much change in the demand, the demand is said to be inelastic. In this situation, percentage change in demand is lesser than the percentage change in price.
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