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Demand is price inelastic if: Question 1 options: the price of the good responds slightly to a quantity change. the demand curve shifts very little

Demand is price inelastic if: Question 1 options: the price of the good responds slightly to a quantity change. the demand curve shifts very little when a demand shifter changes. the percentage change in quantity demanded is relatively small in response to a relatively large percentage change in price. all of the above are true

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