A. demand elasticity
B. price elasticity
C. price inelasticity
D. demand inelasticity
✅ The correct answer is option D.
An insensitivity of demand in relevance to change in price will be called demand inelasticity. Inelastic demand is when the buyer’s demand does not change as much as the price changes.
An insensitivity of demand in relevance to change in price will be called demand inelasticity. Inelastic demand is when the buyer’s demand does not change as much as the price changes.