When demand is elastic, it means that consumers

When demand is elastic, it means that consumers
  • A.
    react more proportionately to price change
  • B.
    are not sensitive to price changed
  • C.
    will stop buying when price increases
  • D.
    react less proportionately to price change
  • E.
    react equally to price change
Correct Answer: Option A
Explanation
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