Which of the following is NOT associated with inelastic dema

Which of the following is NOT associated with inelastic demand? Select one a. percentage change in quantity is greater than percentage change in price Ob. percentage change in quantity is less than percentage change in price Oc. necessities d price elasticity of demand is less than one Next page 0? ?? riSc Ins 6 8 0 O P

Solution

Answer is a. A percentage change in demand is more than the Percentage change in price.

Explanation:

The inelastic demand means the price elasticity less than 1. Hence, it will be lesser than one only when the % change in demand is lesser than % change in price.