Under Which of the Following Conditions Are Prices Said to Be

Multiple Choice

Under which of the following conditions are prices said to be elastic?

A) Increase in price, and little impact on sales volume.
B) Increase in price, and a sizable increase in sales volume.
C) Increase in price, and a sizeable decrease in sales volume.
D) Decrease in price, and no increase in sales volume.
E) Decrease in price, and a sizeable decrease in sales volume.