If a Product Has an Elastic Demand,this Means That

Multiple Choice

If a product has an elastic demand,this means that:

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