I recall a practice question where we discussed how inelastic demand means a small change in quantity for a big price change, so A) Inelastic seems right.
I think the answer might be A) Inelastic because I remember that inelastic demand means that price changes don't significantly affect the quantity demanded.
I'm pretty confident about this one. Inelastic demand is when consumers don't respond much to price changes, so a small change in demand with a large price change is the definition of inelastic. I'll mark A.
This seems straightforward. If demand is inelastic, that means quantity demanded doesn't change much even with large price changes. So A has to be the right answer.
Okay, I've got this. Inelastic demand means a small change in price leads to a small change in quantity demanded. So that's the relationship they're looking for here. I'll go with A.
Hmm, I'm a bit confused. I know elastic and inelastic demand have to do with how responsive demand is to price changes, but I'm not sure which one fits this "small change in demand, large change in price" scenario.
I think this is asking about price elasticity of demand. I'll need to remember the definitions for inelastic and elastic demand to choose the right answer.
Jess
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