Ask Question
19 August, 21:32

When the quantity demanded for a good is elastic, it means the demand for the product is influenced by price changes.

true or false

+3
Answers (1)
  1. 20 August, 01:31
    0
    well, think of it this way. when there are high demands for something and a lot of it is in stock the prices go down. when there is little in stock the prices go up.

    so no.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When the quantity demanded for a good is elastic, it means the demand for the product is influenced by price changes. true or false ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers