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How does the price range affect the elasticity of demand for a product? Demand for all goods is elastic if the price is low enough. Price range has little or no effect on elasticity of demand for a good.
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How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.
Price range has little or no effect on elasticity of demand for a good.
Demand for a good can be inelastic at a low price, but elastic at a high price.
Demand for a good can be elastic at a low price but inelastic at a high price.

User Artiga
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19 votes

Answer:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

Step-by-step explanation:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

User AltBrian
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2.6k points
11 votes
11 votes

Answer:

the answer is demand for a good can be inelastic at a low price, but elastic at a high price.

Step-by-step explanation:

User Arjay
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