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Ms.Applewood has a young boy in her classroom who has behavioral problems.She has tried multiple strategies, unsuccessfully, to reduce the number of his inappropriate behaviors.Only one of those strategies seems to work.Which strategy is it?
Inelastic Demand
A situation where the quantity demanded of a good or service changes little when its price changes.
Elastic Demand
A situation where the demand for a good or service significantly changes in response to changes in price.
Income Elastic
Describes a good or service for which demand changes significantly when consumer incomes change, indicating a strong connection between income level and purchasing behavior.
Income Inelastic
Referring to goods or services whose demand does not significantly change as people's income levels change.
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