The demand for a good is price inelastic if ___________________.
A. the price elasticity is one.
B. the price elasticity is less than one.
C. the price elasticity is greater than one.
D. zero
Answer:B
The demand for a good is price inelastic if ___________________.
A. the price elasticity is one. B. the price elasticity is less than one. C. the price elasticity is greater than one. D. zero