If the quantity of a good supplied is highly sensitive to the price of the good, economists say the supply of the good is relatively

A) inelastic.
B) elastic.
C) robust.
D) inverse.

Elastic

Describes a scenario where a small change in price leads to a large change in quantity demanded or supplied.

Inelastic

describes a situation where the demand or supply for a good is not significantly affected by changes in price.