Business, 20.12.2021 01:00 jessiegarrison1

Which statement best describes the difference between demand for elastic and inelastic goods?
A. The demand for elastic goods decreases when the price falls too low,
while demand for an inelastic good decreases when the price goes too
high.
B. The demand for elastic goods decreases if the price is too high, while
demand for inelastic qoods remains high no matter how much the price
increases.
C. The demand for elastic goods remains high no matter how much the
price increases, while demand folan inelastic good decreases if the
price is too high
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Which statement best describes the difference between demand for elastic and inelastic goods?

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