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Please answer this ASAP: An energy good that is inelastic, is one where: The change in...

Please answer this ASAP: An energy good that is inelastic, is one where:

The change in the percentage of the quantity demanded is larger than the percentage change in price.

The percentage change in the quantity demanded is less than the percentage change in price

The percentage change in the quantity demanded is exactly equal to the percentage change in price.

None of the other statements are true.

All of the statements are true.

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B is right. In case of inelastic goods proportionate change in quantity demanded is always less than proportionate change in price

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