How does the price range affect the elasticity of demand for a product

Demand for a good can be inelastic at a low price, but elastic at a high price.

Explanation:

Elasticity of demand measures how buyers will reduce or increase their demand when prices rise or fall. In that respect, elasticity means that the demand is very sensitive to a change in price, while an inelastic demand presumes that the demand is not very sensitive to a change in price. As a result, if the price is low, the demand will remain the more or less the same. On the other hand, if the price is high, it will be susceptible to change.

(b) britain had a much larger navy than the u.s.

(d) the u.s. had a small army compared to britain.

the correct answer is:

true

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