Demand is inelastic if elasticity is
A) less than 1.
B) equal to 1.
C) greater than 1.
D) equal to 0.

Name: Demand is inelastic if elasticity is A) less than 1. B) equal to 1. C) greater than 1. D) equal to 0.
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Question

Quizplus · Accepted Answer

Inelastic demand means that a change in price leads to a proportionately smaller change in quantity demanded. Mathematically, it is expressed as elasticity less than 1. Therefore, the correct choice is (A) less than 1.

Demand Is Inelastic If Elasticity Is