Answer:
Elastic
Step-by-step explanation:
Price elasticity refers to how responsive the quantity demanded or supplied of a good is to a change in its price. When the elasticity of demand for a good at a certain price is greater than one, we say that demand is elastic. Elastic demand is one in which the quantity demanded or supplied responds to changes in price in a way that is greater than would be if the change occured in a proportional way.