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If the demand for a good is very sensitive to changes in price such that even a small price increase causes a substantial decrease in

If the demand for a good is very sensitive to changes in price such that even a small price increase causes a substantial decrease in quantity demanded, what could we say about this good?

A Since demand is decreasing as price is increasing, this is a normal good.

B The demand for this good is inelastic.

C The demand for this good is elastic.

D This good is an example of a trade off.

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