Question

If a demand for a product is inelastic, the value of the price elasticity of demand is: Group of answer choices zero. equal to one. greater than one. less than one. qiuzlet

Answer 1

Answer:

less than one

Explanation:

In the case when the demand of the product is inelastic that means the value of the price elastic of demand would be less than one

Therefore as per the given situation the last option is correct

And, the rest of the options are incorrect

So the same is relevant