Demand tends to be more elastic:
A)when price is high and more inelastic when price is low.
B)when price is low and more inelastic when price is high.
C)when the demand is perfectly inelastic.
D)the higher the quantity demanded.

Question

Quizplus · Accepted Answer

When price is high, consumers are more sensitive to price changes, making demand more elastic. Conversely, when price is low, demand tends to be more inelastic as consumers are less sensitive to price changes.

Demand Tends to Be More Elastic