A Product with an Inelastic Demand Means That

Multiple Choice

A product with an inelastic demand means that

A) consumers are relatively insensitive to a change in the price of the product.
B) producers are relatively sensitive to a change in the quantity demanded.
C) consumers are relatively sensitive to a change in the price of the product.
D) producers are relatively insensitive to a change in the quantity demanded.
E) consumers are relatively insensitive to a change in the quantity demanded.