Which of the following would cause a demand curve for a good to be price inelastic?

Related MCQs

• If a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is
• The law of demand states that an increase in the price of a good:
• The marginal product curve is above the average product curve when the average product is :
• Which is an explanation for why the demand curve is down sloping?
• In general, a flatter demand curve is more likely to be:
• The Kinked Demand Curve theory assumes:
• In the Kinked Demand Curve theory:
• If the income elasticity of demand for a good is negative, it must be:
• The price elasticity of demand is defined as
• The law of supply states that an increase in the price of a good: