When the percentage change in demand of a commodity is less than the percentage change in its price,

Q. When the percentage change in demand of a commodity is less than the percentage change in its price, then the demand is called?
Answer: Inelastic
Notes: When the percentage change in quantity demanded is less than the percentage change in price, the demand for the good is said to be inelastic.

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📌 Question Number: 129 in 1. Important Concepts in Micro & Macroeconomics in the above course in App.