When demand hardly changes with a small change in the price of a product, then the demand for the product is best described as ________.
A) elastic
B) flexible
C) inelastic
D) variable
E) cyclical
Answer: C) inelastic
When demand hardly changes with a small change in the price of a product, then the demand for the product is best described as ________.
A) elastic
B) flexible
C) inelastic
D) variable
E) cyclical
Answer: C) inelastic