If the price of ‘X’ rises by 10 percent and the quantity demanded falls by 10 percent, ‘X’ has

The correct answer is: A. Inelastic demand.

Inelastic demand is a situation in which the quantity demanded of a good or service changes very little in response to a change in price. In other words, consumers are relatively insensitive to changes in price.

In the case of a 10% increase in the price of X, the quantity demanded falls by only 10%. This suggests that demand for X is inelastic.

Here is a