1

In case of …….. quantity demanded changes less than proportionate to changes in price

Correct Answer: Relative inelastic demand

Make the most of this question

This page focuses on one Managerial Economics 1 question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

Managerial Economics 1 MCQ: In case of …….. quantity demanded changes less than proportionate to changes in price | Extra Education