andrewmena05
andrewmena05
02.04.2020 • 
Mathematics

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

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

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

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

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

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