Since Medical Services Generally Exhibit Inelastic Demand, Raising Prices by 10

Since medical services generally exhibit inelastic demand, raising prices by 10 percent will:

A) result in a greater than 10 percent reduction in the quantity of medical services consumed
B) result in a less than 10 percent reduction in the quantity of medical services consumed
C) result in a 10 percent reduction in the quantity of medical services consumed
D) result in less than a 10 percent increase in the quantity of medical services consumed