If a small percentage increase in the price of a good greatly reduces the quantity demanded for theat good, the demand for that good is
a price inelastic.
b price elastic.
c unit price elastic.
d income inelastic.
e income elastic.
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Home » Business » If a small percentage increase in the price of a good greatly reduces the quantity demanded for theat good, the demand for that good is a price inelastic. b price elastic. c unit price elastic. d income inelastic. e income elastic.