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In the context of elasticity of demand, what does "less elastic" demand mean?a)Demand changes substantially with price changes.b)Demand remains unchanged regardless of price fluctuations.c)Demand is highly responsive to changes in income.d)Demand changes slightly in response to price changes.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In the context of elasticity of demand, what does "less elastic" demand mean?a)Demand changes substantially with price changes.b)Demand remains unchanged regardless of price fluctuations.c)Demand is highly responsive to changes in income.d)Demand changes slightly in response to price changes.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the context of elasticity of demand, what does "less elastic" demand mean?a)Demand changes substantially with price changes.b)Demand remains unchanged regardless of price fluctuations.c)Demand is highly responsive to changes in income.d)Demand changes slightly in response to price changes.Correct answer is option 'D'. Can you explain this answer?.

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