If a good is inelastic, what is the goods' relationship between the percentage change in quantity demanded (%Δqd) and the percentage change in price (%Δp)?
a) They are equal.
b) Percentage change in quantity demanded (%Δqd) is greater than percentage change in price (%Δp).
c) Percentage change in price (%Δp) is greater than percentage change in quantity demanded (%Δqd).
d) It varies and depends on specific factors.
