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When is the Demand for a Good Said to Be Inelastic? - CBSE (Arts) Class 12 - Economics

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Question

When is the demand for a good said to be inelastic?

Solution

When the percentage change in demand for a good is less than the percentage change in its price, the demand for a good is inelastic.

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Solution When is the Demand for a Good Said to Be Inelastic? Concept: Change in Demand.
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