The correct answer is elastic.
When a small change in price (such as with coupons or discounts) leads to a large change in the quantity demanded, it indicates that the demand for the product is elastic.
A manufacturer that uses coupons and other small price decreases to create large changes in demand is relying on a(n) Blank______ demand for the product
Multiple choice question.
elastic
inelastic
strong
reactive
1 answer