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If the supply of a product is inelastic, then: a) a 25 percent change in price will lead to more than 25 percent change in quantity supplied

Economics

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If the supply of a product is inelastic, then:

a) a 25 percent change in price will lead to more than 25 percent change in quantity supplied.

b) a 25 percent change in price will lead to a 100 percent change in quantity supplied.

c) a 25 percent change in price will lead to less than 25 percent change in quantity supplied.

d) a 25 percent change in price will lead to a 25 percent change in income.