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Along an inelastic demand curve, the a) Change in price will always be less than the change in quantity demanded

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Along an inelastic demand curve, the

a) Change in price will always be less than the change in quantity demanded.

b) Percentage change in price will be less than the percentage change in quantity demanded.

c) Change in price will always be more than the change in quantity demanded.

d) Percentage change in price will be more than the percentage change in quantity demanded.

When a firm's price cut produces a smaller than proportional increase in quantity demanded, the demand for its product is

a) Elastic

b) Inelastic

c) Of unit elasticity

d) Straight elastic