Advanced Placement (AP), 14.07.2021 20:10, felipe9086

Widgets are known to have inelastic demand when their price increases from $2 to $4. What must be true of the change in quantity demanded over this price range? A) It increased by exactly 100 percent.
B) It decreased by exactly 100 percent.
C) It decreased by less than 100 percent.
D) It increased by more than 100 percent.
E) It decreased by an indeterminate amount.

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Widgets are known to have inelastic demand when their price increases from $2 to $4. What must be tr...