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A product with a low level of elasticity of demand has which feature?
A. Demand for the product changes unpredictably over time.
B. Demand for the product gradually increases over time.
C. Demand for the product changes very little over time.
D. Demand for the product gradually decreases over time.

Sagot :

C is the correct answer. A product with low elasticity of demand is most often a neccessity and price does not affect demand. The demand for a low elasticity of demand product changes very little over time
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