How does the price range affect the elasticity of demand for a product?
Demand for a goo...
Mathematics, 02.04.2020 00:59 neariah24
How does the price range affect the elasticity of demand for a product?
Demand for a good can be elastic at a low price but inelastic at a high price.
Demand for a good can be inelastic at a low price, but elastic at a high price.
Price range has little or no effect on elasticity of demand for a good.
Demand for all goods is elastic if the price is low enough.
Answers: 2
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