When the Price of a Car Is $25,000,car Sales Are

Multiple Choice

When the price of a car is $25,000,car sales are 10,000 per month.When the price of a car increases to $29,000,car sales fall to 8,000 per month.Using the initial-value method,the demand for cars is

A) elastic.
B) inelastic.
C) unit elastic.
D) It is not possible to say based on the data given.