Demand for a good is termed inelastic when if .......... (choose the correct alternative): (a) price of the good falls, quantity increases. (b) price of the good falls, quantity decreases. (c) price of the good falls, quantity remains same. (d) both (b) and (c).

Demand for a good is termed inelastic when if .......... (choose the c

1.	Demand for a good is termed inelastic when if .......... (choose the correct alternative): (a) price of the good falls, quantity increases. (b) price of the good falls, quantity decreases. (c) price of the good falls, quantity remains same. (d) both (b) and (c).
Answer» (c) price of the good falls, quantity remains same.

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Demand for a good is termed inelastic when if .......... (choose the correct alternative): (a) price of the good falls, quantity increases. (b) price of the good falls, quantity decreases. (c) price of the good falls, quantity remains same. (d) both (b) and (c).

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