If a sharp increase in the price of Juul pods barely reduces the quantity demanded, we...

Question

Question

If a sharp increase in the price of Juul pods barely reduces the quantity demanded, we would say that Juul pods are _______.

A. Elastic

B. Inelastic

C. Unit elastic

D. Substitutes

Answer 1

Answer #1

Ans) the correct option b) B. Inelastic

When the demand for the good is less responsive to price changes, the demand will be considered to be inelastic

Answer 2

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