Which of the Following Statements Is False Regarding Price Elasticity

Multiple Choice

Which of the following statements is false regarding price elasticity of demand?

A) High elasticity results in increased pricing, leading to large loss of demand
B) High elasticity leads to low product pricing, resulting in decreased market share
C) Low elasticity leads to low product pricing, resulting in low demand
D) Higher-income countries tend to have higher price elasticity than low-income countries