If the price elasticity is between 0 and 1, demand is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly elastic.

Name: If the price elasticity is between 0 and 1, demand is A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the price elasticity is between 0 and 1, demand is inelastic. This means that a change in price will result in a smaller percentage change in quantity demanded.

If the Price Elasticity Is Between 0 and 1, Demand