An elasticity that would be considered only slightly inelastic would be

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

Question

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

Dasha Mcmillan · Accepted Answer

Final Answer : B, Explanation :  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 be

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

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