Prices are said to be inelastic under which of the following conditions? Price ChangeChange in Sales VolumeA.IncreaseSizable decreaseB.IncreaseLittle impactC.DecreaseSizable increaseD.DecreaseLittle impactE.Either increase or decreaseEither sizable increase or little/no impact
A. Choice A
B. Choice B
C. Choice C
D. Choice D
E. Choice E
Answer: E
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What will be an ideal response?
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