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» We provide you study material i.e. PDF's for offline use. When the percentage change in quantity demanded is less than the percentage change in price of the commodity?If the percentage change in quantity demanded is less than the percentage change in price, demand is said to be price inelastic, or not very responsive to price changes.
When the percentage increase in quantity demanded is lower than the percentage decrease in price the value of elasticity of demand will be?If the proportionate change in demand is smaller than the change in price; then elasticity of demand is always less than 1.
When percentage change in quantity demanded is more than the percentage change in price the demand curve is?When the percentage change in quantity demanded is more than the percentage change in price, the demand curve is flatter.
When percentage change in demand of a commodity is less than the percentage change in its price demand of a commodity is said to be?When the percentage change in quantity demanded is less than the percentage change in price, then the demand for the commodity is said to be inelastic.
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Is the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price the coefficient of price
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