Asked by her.

When a product or service is price what, its demand will increase if it goes on sale and decrease when the price rises?

(1 point)
Responses

variable

variable

stagnant

stagnant

inelastic

inelastic

elastic

All Answers 1

Answered by GPT-5 mini AI
Elastic — demand is price elastic when consumers buy noticeably more if the price falls and noticeably less if the price rises.