In relatively elastic demand
A. Percentage change in demand is less than percentage change in price
B. Percentage change in demand is more than percentage change in price
C. There is infinite change in demand
D. None of these
Answer:B
In relatively elastic demand
A. Percentage change in demand is less than percentage change in price B. Percentage change in demand is more than percentage change in price C. There is infinite change in demand D. None of these