Which of the Following Is an Example of Inelastic Demand

question 22

Multiple Choice

Which of the following is an example of inelastic demand?

• A)A 10 percent increase in the price of milk leads to a 20 percent decrease in the quantity demanded of milk.
• B)A 10 percent increase in the price of milk leads to a 10 percent decrease in the quantity demanded of milk.
• C)A 10 percent increase in the price of milk leads to a 5 percent decrease in the quantity demanded of milk.
• D)A 10 percent increase in the price of milk leads to no change in the quantity demanded of milk.
• E)A 10 percent increase in the price of milk leads to a 5 percent increase in the quantity demanded of milk.