What does it mean if a product has inelastic demand? A. Demand will stay the same even as prices change.
B. Demand will rise, even as prices increase.
C. Demand will vary greatly depending on the price.
D. Demand will fall even as prices decrease.

A)

Explanation:

Inelastic demand means that the demand would not change as price changes. It generally happens for goods that are non-replacable, with little competition, and other factors (e.g. location, short-run) that make the buyer insensitive to the price.

d.

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