When demand is inelastic
A) quantity demanded is very responsive to a change in price.
B) quantity demanded is not very responsive to a change in price.
C) the proportional change in quantity demanded is equal to the proportional change in price.
D) producers react quickly to price changes.

Question

Quizplus · Accepted Answer

When demand is inelastic, a change in price leads to a relatively smaller change in the quantity demanded. This means that consumers are not very responsive to changes in price and will continue to buy the same amount of the good even if the price goes up. Therefore, choice B is the correct option.

When Demand Is Inelastic