The true state of the change in quantity demanded over this price range is option b: It decreased by exactly 100 percent.
<h3>What is the demand about?</h3>
Demand is known to be perfectly inelastic when the quantity that is said to be demanded do not respond in any way to a change in price.
So, price increases also do lead to a small decrease in regards to quantity demanded.
Hence, The true state of the change in quantity demanded over this price range is option b: It decreased by exactly 100 percent.
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6.
Widgets are known to have inelastic demand when their price increases from $2 to $4. What must be true of the change in quantity demanded over this price range?
It increased by exactly 100 percent.
It decreased by exactly 100 percent.
It decreased by less than 100 percent. It increased by more than 100 percent.
It decreased by an indeterminate amount.
