Demand Is Inelastic If

Multiple Choice

Demand is inelastic if

A) a small change in price results in a large change in quantity demanded.
B) the quantity demanded is very responsive to a change in price.
C) the price elasticity of demand is 0.2.
D) the price does not change when supply increases.
E) a 10 percent change in price results in a 1 percent change in the quantity supplied.