If the Demand for Bread Is Inelastic, Which Scenario Might

question 185

Multiple Choice

If the demand for bread is inelastic, which scenario might occur?

• A) A 10% increase in the price of bread causes a 10% decline in its quantity demanded.
• B) A 5% increase in the price of bread causes a 10% decline in its quantity demanded.
• C) A 10% increase in the price of bread causes a 5% decline in its quantity demanded.
• D) A 5% decrease in the price of bread causes a 10% increase in its quantity demanded.

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