If demand is inelastic,
A)then it changes very little in response to a price change.
B)then it changes significantly in response to a price change.
C)then demand is zero.
D)then demand is infinite.

Question

Quizplus · Accepted Answer

When demand is inelastic, it means that there is little to no change in demand in response to a change in price. This suggests that consumers are not very sensitive to changes in price and are willing to pay the same price for the good or service regardless of any changes.

If Demand Is Inelastic