An elasticity that would be considered only slightly inelastic would be
A)0.1.
B)0.9.
C)1.0.
D)1.1.

Name: An elasticity that would be considered only slightly inelastic would be A)0.1. B)0.9. C)1.0. D)1.1.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An elasticity of 0.9 indicates that a 1% change in price would lead to a 0.9% change in quantity demanded. This suggests that the good is somewhat responsive to changes in price, but not extremely sensitive.

An Elasticity That Would Be Considered Only Slightly Inelastic Would