[Solved] Sexting refers to A) sending text messages with nude or nearly nude photographs. B) sending emails with nude or nearly nude photographs. C) posting nude or nearly nude photographs to a Web site. D) A and B. E) A, B, and C. Price Elastic: Describes a situation where the demand for a product changes significantly in response to a change in the product's price. Price Inelastic: A situation where the demand for a product does not change significantly in response to price changes. Price Volatile: Characterizes a market or commodity whose price is subject to rapid, unexpected, and often large changes. Demand Curve: A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.