An elasticity of demand that would be considered very inelastic would be

A) 0.1.
B) 0.9.
C) 1.0.
D) 1.1.

Question

An elasticity of demand that would be considered very inelastic would beA) 0.1.B) 0.9.C) 1.0.D) 1.1.

Anime Nightclub · Accepted Answer

Final Answer : A, Explanation :  An elasticity of demand of 0.1 indicates that a small change in price results in a very small change in the quantity demanded. This means that the demand for the good is very insensitive to changes in price, making it very inelastic.

An elasticity of demand that would be considered very inelastic would be

A) 0.1.
B) 0.9.
C) 1.0.
D) 1.1.

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