Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

If a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is ?

If a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is ?

A. income inelastic
B. price inelastic
C. price elastic
D. unit price elastic