When demand is elastic, it means that consumers
...When demand is elastic, it means that consumers
React more proportionately to price change
Are not sensitive to price changed
Will stop buying when price increases
React less proportionately to price change
React equally to price change
Correct answer is A
No explanation has been provided for this answer.
When a business has unlimited liability ...
In a developing economy, productivity is measured by the___________ ...
When a generalization is made based on observed facts, it is ...
Price control can be defined as the fixing by Government of maximum or minimum price of ...
When an economy is having a balance of payment surplus the best alternative opened to it is to ...
The greatest revenue earning industry in Nigeria is ...
Holding money to take care of contingencies is ...
If tax takes a large proportion of the income of people with lower income, the tax is ...