If the demand for flashlights is highly inelastic, this indicates that
A) higher flashlight prices will increase the demand for flashlights.
B) the price elasticity of demand for flashlights is greater than 1.
C) the price elasticity of demand for flashlights equals 1.
D) the quantity of flashlights purchased by consumers is not very responsive to a change in the price of flashlights.

Question

Quizplus · Accepted Answer

Inelastic demand means that the quantity demanded does not change significantly with a change in price, indicating low responsiveness.

If the Demand for Flashlights Is Highly Inelastic, This Indicates