Question

1. If the demand for movie tickets is elastic, then

A. Ed > 1.

B. Ed < 1.

C. Ed = 1.

D. Ed = 0. 

2. "Inelastic demand" means that

A. quantity demanded is very sensitive to price.

B. quantity demanded is not very sensitive to price.

C. price is very sensitive to quantity demanded.

D. price is not very sensitive to quantity demanded.