A relatively steep demand curve indicates that

A relatively steep demand curve indicates that

A) quantity demanded will adjust only slightly to a price change.

B) quantity demanded will adjust significantly to a price change.

C) quantity demanded will not adjust to a price change.

D) the change in quantity demanded will exactly equal a change in price.

The correct answer is A (quantity demanded will adjust only slightly to a price change.) Could you please explain why the answer is A and Why not C

Answer

Answer
A) quantity demanded will adjust only slightly to a price change.
The steep demand curve is inelastic demand curve
inelastic demand curve relates to quantity demanded will adjust only slightly to a price change.
De=%change in quantity /%change in price

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