If Demand Hardly Changes with a Small Change in Price

question 75

Short Answer

If demand hardly changes with a small change in price, we say the demand is ________.
variable
inelastic
value-based
at break-even pricing
market penetrating

---

Definitions:

Saving And Loan

A financial institution that focuses on accepting savings deposits and making mortgage and other loans.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount loaned, which can affect economic activity by influencing spending and saving behaviors.

Debit Card

A payment card that deducts money directly from a consumer’s checking account to pay for purchases.

Checking Account

A type of bank account that allows for easy access to funds for daily transactions through checks, debit cards, or electronic means.